Venturi Wealth Management LLC Has $836,000 Stake in The Walt Disney Company (NYSE:DIS)

Venturi Wealth Management LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,512 shares of the entertainment giant’s stock after purchasing an additional 932 shares during the quarter. Venturi Wealth Management LLC’s holdings in Walt Disney were worth $836,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. D.A. Davidson & CO. grew its position in Walt Disney by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 276,399 shares of the entertainment giant’s stock valued at $30,777,000 after purchasing an additional 5,100 shares during the period. Citizens & Northern Corp lifted its stake in Walt Disney by 2.6% during the 4th quarter. Citizens & Northern Corp now owns 11,742 shares of the entertainment giant’s stock valued at $1,307,000 after acquiring an additional 299 shares in the last quarter. Empower Advisory Group LLC lifted its stake in Walt Disney by 3.2% during the 4th quarter. Empower Advisory Group LLC now owns 1,359,735 shares of the entertainment giant’s stock valued at $151,407,000 after acquiring an additional 41,826 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Walt Disney by 3.7% during the 4th quarter. CIBC Asset Management Inc now owns 330,965 shares of the entertainment giant’s stock worth $36,852,000 after purchasing an additional 11,776 shares during the period. Finally, Pittenger & Anderson Inc. raised its stake 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 period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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. The trade was 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 at this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated 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 directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DIS shares. Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Jefferies Financial Group began coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Citigroup restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Rosenblatt Securities restated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Trading Down 0.8 %

Shares of Walt Disney stock opened at $109.48 on Wednesday. The firm has a market capitalization of $197.91 billion, a PE ratio of 35.66, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm’s 50-day moving average price is $110.95 and its 200 day moving average price is $102.13. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. On average, sell-side analysts predict that The Walt Disney Company will post 5.43 EPS 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. Shareholders of record on Monday, December 16th were given a $0.50 dividend. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

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.