MTM Investment Management LLC Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

MTM Investment Management LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,931 shares of the entertainment giant’s stock after selling 175 shares during the quarter. MTM Investment Management LLC’s holdings in Walt Disney were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Farmers Trust Co. increased its stake in Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after acquiring an additional 92 shares during the last quarter. Saxon Interests Inc. increased its stake in Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after acquiring an additional 93 shares during the last quarter. Abundance Wealth Counselors increased its stake in Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock worth $1,076,000 after acquiring an additional 94 shares during the last quarter. Bank Hapoalim BM increased its stake in Walt Disney by 2.2% during the fourth quarter. Bank Hapoalim BM now owns 4,539 shares of the entertainment giant’s stock worth $505,000 after acquiring an additional 96 shares during the last quarter. Finally, Great Diamond Partners LLC increased its stake in Walt Disney by 1.6% during the fourth quarter. Great Diamond Partners LLC now owns 6,105 shares of the entertainment giant’s stock worth $680,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $109.25 on Thursday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market capitalization of $197.50 billion, a P/E ratio of 35.59, a PEG ratio of 1.95 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $111.56 and its 200 day moving average price is $101.53.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, research analysts anticipate that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DIS. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Morgan Stanley upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Citigroup restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.85.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is currently owned by insiders.

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.