Sigma Planning Corp Sells 2,634 Shares of The Walt Disney Company (NYSE:DIS)

Sigma Planning Corp lowered its holdings in The Walt Disney Company (NYSE:DIS) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,951 shares of the entertainment giant’s stock after selling 2,634 shares during the quarter. Sigma Planning Corp’s holdings in Walt Disney were worth $4,783,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Farmers Trust Co. lifted its position in shares of Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after buying an additional 92 shares in the last quarter. Pathway Financial Advisors LLC lifted its position in shares of Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock valued at $386,000 after buying an additional 92 shares in the last quarter. Prossimo Advisors LLC lifted its position in shares of Walt Disney by 1.1% during the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock valued at $972,000 after buying an additional 92 shares in the last quarter. Saxon Interests Inc. lifted its position in shares of Walt Disney by 2.8% during the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 93 shares in the last quarter. Finally, Abundance Wealth Counselors lifted its position in shares of Walt Disney by 1.0% during the 4th quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock valued at $1,076,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $108.62 on Friday. The stock’s fifty day moving average is $110.70 and its two-hundred day moving average is $102.39. The company has a market capitalization of $196.37 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly 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 return on equity of 9.95% and a net margin of 6.07%. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

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

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. Sanford C. Bernstein lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.44.

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.