The Walt Disney Company (NYSE:DIS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,912 shares of the entertainment giant’s stock after selling 6,379 shares during the period. Mutual of America Capital Management LLC’s holdings in Walt Disney were worth $24,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Roanoke Asset Management Corp NY lifted its stake in shares of Walt Disney by 5.8% in the 4th quarter. Roanoke Asset Management Corp NY now owns 37,652 shares of the entertainment giant’s stock worth $4,193,000 after acquiring an additional 2,050 shares during the period. Flputnam Investment Management Co. lifted its stake in shares of Walt Disney by 1.4% in the 4th quarter. Flputnam Investment Management Co. now owns 127,350 shares of the entertainment giant’s stock worth $14,180,000 after acquiring an additional 1,698 shares during the period. Waterway Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $205,000. Fortress Financial Group LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $321,000. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $1,069,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DIS. Citigroup reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Wells Fargo & Company increased their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, TD Cowen increased their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.44.

Walt Disney Stock Up 2.3 %

Walt Disney stock opened at $113.82 on Friday. The firm has a market cap of $205.77 billion, a PE ratio of 37.08, a P/E/G ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm’s 50 day moving average price is $110.68 and its two-hundred day moving average price is $103.23. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

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.