Archford Capital Strategies LLC Sells 387 Shares of The Walt Disney Company (NYSE:DIS)

Archford Capital Strategies LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,548 shares of the entertainment giant’s stock after selling 387 shares during the quarter. Archford Capital Strategies LLC’s holdings in Walt Disney were worth $506,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Moody Lynn & Lieberson LLC grew its position in Walt Disney by 2.3% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 9,777 shares of the entertainment giant’s stock valued at $1,089,000 after purchasing an additional 221 shares in the last quarter. Patton Albertson Miller Group LLC boosted its holdings in shares of Walt Disney by 7.8% during the 4th quarter. Patton Albertson Miller Group LLC now owns 52,865 shares of the entertainment giant’s stock worth $5,887,000 after buying an additional 3,827 shares during the period. Jacksonville Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter worth about $650,000. Insight Inv LLC boosted its holdings in shares of Walt Disney by 8.6% during the 4th quarter. Insight Inv LLC now owns 18,757 shares of the entertainment giant’s stock worth $2,089,000 after buying an additional 1,491 shares during the period. Finally, Toth Financial Advisory Corp raised its stake in Walt Disney by 8.0% in the 4th quarter. Toth Financial Advisory Corp now owns 62,852 shares of the entertainment giant’s stock worth $6,999,000 after purchasing an additional 4,642 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Rosenblatt Securities boosted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $125.52.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.1 %

Shares of NYSE:DIS opened at $112.25 on Monday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market cap of $203.28 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The business’s 50 day moving average is $112.46 and its 200 day moving average is $100.08. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

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.