Flynn Zito Capital Management LLC Boosts Stake in The Walt Disney Company (NYSE:DIS)

Flynn Zito Capital Management LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 5.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,126 shares of the entertainment giant’s stock after buying an additional 309 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Walt Disney were worth $682,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the 4th quarter valued at $28,000. Midwest Capital Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $35,000. Hager Investment Management Services LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $43,000. Finally, Cedar Mountain Advisors LLC increased its position in Walt Disney by 38.1% in 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. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.44.

Walt Disney Trading Up 1.2 %

Shares of DIS stock opened at $111.82 on Thursday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm’s 50-day simple moving average is $110.64 and its 200-day simple moving average is $103.10. The firm has a market cap of $202.14 billion, a P/E ratio of 36.42, a PEG ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The company 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 represents a yield of 0.6%. 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. Walt Disney’s payout ratio is 32.57%.

Insiders Place Their Bets

In other 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 sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

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.