InTrack Investment Management Inc Trims Position in The Walt Disney Company (NYSE:DIS)

InTrack Investment Management Inc decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,087 shares of the entertainment giant’s stock after selling 200 shares during the period. InTrack Investment Management Inc’s holdings in Walt Disney were worth $226,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its holdings in Walt Disney by 67.3% during the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after purchasing an additional 2,610 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $479,000. Intech Investment Management LLC boosted its stake in shares of Walt Disney by 38.1% in the second quarter. Intech Investment Management LLC now owns 184,004 shares of the entertainment giant’s stock valued at $18,270,000 after buying an additional 50,759 shares in the last quarter. Brighton Jones LLC grew its holdings in Walt Disney by 6.8% during the second quarter. Brighton Jones LLC now owns 28,076 shares of the entertainment giant’s stock worth $2,788,000 after acquiring an additional 1,778 shares during the period. Finally, Ieq Capital LLC raised its position in Walt Disney by 1.6% in the second quarter. Ieq Capital LLC now owns 179,075 shares of the entertainment giant’s stock worth $17,780,000 after acquiring an additional 2,779 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred 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 transaction, 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 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. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $107.07 on Friday. The stock has a fifty day moving average price of $111.92 and a 200 day moving average price of $99.62. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate 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 dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is currently 36.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DIS. Guggenheim upped their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC increased their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Finally, Sanford C. Bernstein boosted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.54.

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.