Diamant Asset Management Inc. Sells 200 Shares of The Walt Disney Company (NYSE:DIS)

Diamant Asset Management Inc. trimmed its position in The Walt Disney Company (NYSE:DIS) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,582 shares of the entertainment giant’s stock after selling 200 shares during the period. Walt Disney accounts for 1.0% of Diamant Asset Management Inc.’s portfolio, making the stock its 23rd biggest position. Diamant Asset Management Inc.’s holdings in Walt Disney were worth $1,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in Walt Disney by 6.6% in the second quarter. NewEdge Advisors LLC now owns 107,283 shares of the entertainment giant’s stock worth $10,652,000 after purchasing an additional 6,686 shares during the period. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the 2nd quarter worth approximately $32,000. Invst LLC grew its stake in shares of Walt Disney by 2.0% in the 2nd quarter. Invst LLC now owns 18,149 shares of the entertainment giant’s stock worth $1,779,000 after buying an additional 348 shares during the last quarter. Regal Investment Advisors LLC increased its position in Walt Disney by 8.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 19,281 shares of the entertainment giant’s stock valued at $1,914,000 after buying an additional 1,508 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in Walt Disney during the second quarter valued at $13,702,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.9 %

Shares of DIS opened at $113.18 on Tuesday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $204.97 billion, a PE ratio of 41.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The business’s 50 day moving average is $112.46 and its 200 day moving average is $100.11.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. Walt Disney’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s payout ratio is currently 36.90%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DIS shares. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.52.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.10% of the company’s stock.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.