D.A. Davidson & CO. Purchases 5,100 Shares of The Walt Disney Company (NYSE:DIS)

D.A. Davidson & CO. raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 276,399 shares of the entertainment giant’s stock after acquiring an additional 5,100 shares during the quarter. D.A. Davidson & CO.’s holdings in Walt Disney were worth $30,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. Citizens & Northern Corp boosted its stake in shares of Walt Disney by 2.6% during the 4th quarter. Citizens & Northern Corp now owns 11,742 shares of the entertainment giant’s stock worth $1,307,000 after buying an additional 299 shares during the last quarter. Empower Advisory Group LLC raised its holdings in Walt Disney by 3.2% during the fourth quarter. Empower Advisory Group LLC now owns 1,359,735 shares of the entertainment giant’s stock worth $151,407,000 after acquiring an additional 41,826 shares in the last quarter. CIBC Asset Management Inc grew its stake in Walt Disney by 3.7% in the fourth quarter. CIBC Asset Management Inc now owns 330,965 shares of the entertainment giant’s stock valued at $36,852,000 after purchasing an additional 11,776 shares in the last quarter. Pittenger & Anderson Inc. increased its position in shares of Walt Disney by 50.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 598 shares of the entertainment giant’s stock worth $67,000 after purchasing an additional 200 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Walt Disney by 2.5% during the 4th quarter. Sanctuary Advisors LLC now owns 315,941 shares of the entertainment giant’s stock worth $35,837,000 after purchasing an additional 7,707 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the business’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 completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock valued at $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Macquarie reissued a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Guggenheim boosted their price objective 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. Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Evercore ISI boosted their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Stock Up 0.7 %

Shares of NYSE DIS opened at $110.31 on Tuesday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock’s fifty day moving average is $111.14 and its 200 day moving average is $101.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The stock has a market capitalization of $199.42 billion, a P/E ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts forecast that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared 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 a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is presently 32.57%.

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.