Visionary Horizons LLC Sells 105 Shares of The Walt Disney Company (NYSE:DIS)

Visionary Horizons LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,163 shares of the entertainment giant’s stock after selling 105 shares during the quarter. Visionary Horizons LLC’s holdings in Walt Disney were worth $352,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Seelaus Asset Management LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $239,000. Apollon Wealth Management LLC increased its stake in Walt Disney by 14.2% in the 4th quarter. Apollon Wealth Management LLC now owns 55,773 shares of the entertainment giant’s stock worth $6,210,000 after purchasing an additional 6,956 shares during the period. Apollon Financial LLC increased its stake in Walt Disney by 66.6% in the 4th quarter. Apollon Financial LLC now owns 5,937 shares of the entertainment giant’s stock worth $661,000 after purchasing an additional 2,374 shares during the period. Vest Financial LLC increased its stake in Walt Disney by 14.3% in the 4th quarter. Vest Financial LLC now owns 7,489 shares of the entertainment giant’s stock worth $834,000 after purchasing an additional 935 shares during the period. Finally, Tenon Financial LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $235,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.1 %

Walt Disney stock opened at $110.83 on Friday. 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 simple moving average is $111.87 and its two-hundred day simple moving average is $101.14. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a market capitalization of $200.36 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42.

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

Walt Disney Increases Dividend

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

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last three months. 0.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DIS shares. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their price target on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Guggenheim lifted 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. Rosenblatt Securities boosted their target price on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Prescient Securities reduced their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.85.

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.