The Walt Disney Company (NYSE:DIS) Shares Sold by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. decreased its stake in The Walt Disney Company (NYSE:DIS) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,108 shares of the entertainment giant’s stock after selling 100 shares during the quarter. ORBA Wealth Advisors L.L.C.’s holdings in Walt Disney were worth $457,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the 4th quarter valued at approximately $28,000. Midwest Capital Advisors LLC purchased a new position in Walt Disney in the fourth quarter valued at $34,000. 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 during the 4th quarter worth about $43,000. Finally, Cedar Mountain Advisors LLC grew its position in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 110 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $110.57 on Wednesday. The company has a market cap of $199.89 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company has a fifty day simple moving average of $110.63 and a two-hundred day simple moving average of $102.92. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of the firm’s 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 owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DIS shares. Macquarie reiterated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. The Goldman Sachs Group lifted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.44.

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.