Reik & CO. LLC Sells 295 Shares of The Walt Disney Company (NYSE:DIS)

Reik & CO. LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,318 shares of the entertainment giant’s stock after selling 295 shares during the quarter. Walt Disney makes up 0.2% of Reik & CO. LLC’s portfolio, making the stock its 24th largest position. Reik & CO. LLC’s holdings in Walt Disney were worth $926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Cardinal Strategic Wealth Guidance raised its position in Walt Disney by 57.4% during the 4th quarter. Cardinal Strategic Wealth Guidance now owns 3,455 shares of the entertainment giant’s stock valued at $385,000 after purchasing an additional 1,260 shares in the last quarter. New Republic Capital LLC raised its holdings in shares of Walt Disney by 17.3% in the fourth quarter. New Republic Capital LLC now owns 2,575 shares of the entertainment giant’s stock valued at $287,000 after acquiring an additional 380 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in Walt Disney by 1.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 10,233 shares of the entertainment giant’s stock worth $1,139,000 after acquiring an additional 185 shares during the period. Wealthcare Capital Partners LLC bought a new position in Walt Disney during the 4th quarter worth about $274,000. Finally, Latitude Advisors LLC increased its position in Walt Disney by 5.0% during the 4th quarter. Latitude Advisors LLC now owns 2,911 shares of the entertainment giant’s stock valued at $324,000 after purchasing an additional 138 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on 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 directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney 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 completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was 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 ninety days. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

DIS opened at $109.23 on Tuesday. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a 50 day moving average of $111.87 and a two-hundred day moving average of $101.26. The firm has a market capitalization of $197.47 billion, a PE ratio of 35.58, a P/E/G ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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, analysts anticipate that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DIS shares. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. TD Cowen lifted their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Guggenheim upped their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.