The Walt Disney Company (NYSE:DIS) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 86,455 shares of the entertainment giant’s stock after selling 2,700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Walt Disney were worth $9,627,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DIS. Wedge Capital Management L L P NC lifted its holdings in shares of Walt Disney by 8.1% during the third quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock valued at $348,000 after purchasing an additional 270 shares during the last quarter. Creative Planning lifted its holdings in shares of Walt Disney by 0.9% during the third quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock valued at $59,827,000 after purchasing an additional 5,972 shares during the last quarter. Twelve Points Wealth Management LLC lifted its holdings in shares of Walt Disney by 3.2% during the third quarter. Twelve Points Wealth Management LLC now owns 4,264 shares of the entertainment giant’s stock valued at $410,000 after purchasing an additional 133 shares during the last quarter. Bfsg LLC lifted its holdings in shares of Walt Disney by 690.7% during the third quarter. Bfsg LLC now owns 20,464 shares of the entertainment giant’s stock valued at $1,968,000 after purchasing an additional 17,876 shares during the last quarter. Finally, Good Life Advisors LLC lifted its holdings in shares of Walt Disney by 9.7% during the third quarter. Good Life Advisors LLC now owns 17,082 shares of the entertainment giant’s stock valued at $1,643,000 after purchasing an additional 1,507 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction 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 sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by company insiders.

Walt Disney Trading Up 0.7 %

NYSE:DIS opened at $110.31 on Friday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company’s 50 day moving average is $111.27 and its 200-day moving average is $101.72. The firm has a market cap of $199.42 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities 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. Investors of record on Monday, December 16th were given 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 payout ratio is 32.57%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DIS shares. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Wells Fargo & Company raised 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. Prescient Securities decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.