The Walt Disney Company (NYSE:DIS) Shares Sold by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,705 shares of the entertainment giant’s stock after selling 1,974 shares during the period. SOA Wealth Advisors LLC.’s holdings in Walt Disney were worth $1,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney in the fourth quarter worth about $35,000. Hager Investment Management Services LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $43,000. Cedar Mountain Advisors LLC boosted its stake in Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 110 shares during the period. Friedenthal Financial purchased a new position in Walt Disney during the 4th quarter worth approximately $49,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Walt Disney during the 4th quarter valued at $50,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The stock was 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 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. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.16% of the stock is currently owned by insiders.

Walt Disney Stock Down 1.1 %

Walt Disney stock opened at $110.83 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a fifty day moving average price of $112.00 and a two-hundred day moving average price of $101.07. The firm has a market cap of $200.43 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 2.02 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. As a group, analysts forecast that The Walt Disney Company will post 5.41 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. 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 (DPR) is presently 32.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DIS. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research note on Wednesday. Finally, Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.