Cape Investment Advisory Inc. Has $1.61 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Cape Investment Advisory Inc. grew its position in The Walt Disney Company (NYSE:DIS) by 18.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,467 shares of the entertainment giant’s stock after buying an additional 2,272 shares during the period. Cape Investment Advisory Inc.’s holdings in Walt Disney were worth $1,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its stake in shares of Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Walt Disney by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after purchasing an additional 114,701 shares during the period. Brookstone Capital Management grew its holdings in Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after purchasing an additional 13,339 shares during the period. Summit Global Investments grew its holdings in shares of Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the period. Finally, Greystone Financial Group LLC grew its holdings in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after buying an additional 9,967 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DIS. Morgan Stanley upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. 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. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six 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 data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.44.

Walt Disney Stock Up 2.3 %

DIS stock opened at $113.82 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $205.77 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 1.80 and a beta of 1.42. The business’s fifty day moving average price is $110.68 and its two-hundred day moving average price is $103.35.

Walt Disney (NYSE:DIS) last posted its 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 return on equity of 9.95% and a net margin of 6.07%. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

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

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 stock was sold at an average price of $114.74, for a total value 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 $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company’s stock.

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.