Archford Capital Strategies LLC Trims Position in The Walt Disney Company (NYSE:DIS)

Archford Capital Strategies LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 7.8% during the fourth quarter, HoldingsChannel reports. The fund owned 4,548 shares of the entertainment giant’s stock after selling 387 shares during the quarter. Archford Capital Strategies LLC’s holdings in Walt Disney were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney in the second quarter valued at approximately $32,000. Cedar Mountain Advisors LLC raised its stake in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 110 shares during the period. Friedenthal Financial purchased a new position in Walt Disney during the fourth quarter worth approximately $49,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $50,000. Finally, Birch Capital Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $56,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the 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 in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Walt Disney Trading Up 1.1 %

Shares of Walt Disney stock opened at $112.25 on Monday. The stock has a market capitalization of $203.28 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $112.46 and a 200 day simple moving average of $100.08. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. 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 business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 36.90%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. TD Cowen raised their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Wells Fargo & Company raised their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Guggenheim raised their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.52.

About Walt Disney

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.