Exchange Traded Concepts LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Exchange Traded Concepts LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 19.2% during the 4th quarter, Holdings Channel reports. The firm owned 80,515 shares of the entertainment giant’s stock after selling 19,118 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Walt Disney were worth $8,965,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DIS. CX Institutional lifted its stake in Walt Disney by 15.2% in the 4th quarter. CX Institutional now owns 9,272 shares of the entertainment giant’s stock valued at $1,032,000 after buying an additional 1,222 shares in the last quarter. Patriot Investment Management Group Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth $209,000. Private Capital Advisors Inc. purchased a new stake in shares of Walt Disney in the fourth quarter valued at $346,000. Matthew Goff Investment Advisor LLC increased its position in Walt Disney by 0.6% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 100,752 shares of the entertainment giant’s stock worth $11,219,000 after purchasing an additional 597 shares in the last quarter. Finally, Wells Trecaso Financial Group LLC raised its stake in Walt Disney by 1.0% in the 4th quarter. Wells Trecaso Financial Group LLC now owns 43,299 shares of the entertainment giant’s stock valued at $4,821,000 after purchasing an additional 408 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Sanford C. Bernstein upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Rosenblatt Securities raised their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.25 on Friday. The firm has a market capitalization of $203.28 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The business has a 50 day simple moving average of $112.52 and a 200 day simple moving average of $99.98. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion for the quarter, compared to the consensus estimate 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 was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. On average, equities research analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is 36.90%.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % 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 over the last three months. Company insiders own 0.10% of the company’s stock.

Walt Disney Company 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.