Crestwood Advisors Group LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Crestwood Advisors Group LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 53.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,186 shares of the entertainment giant’s stock after selling 135,260 shares during the period. Crestwood Advisors Group LLC’s holdings in Walt Disney were worth $13,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the 4th quarter valued at about $28,000. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney in the 4th quarter worth approximately $34,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney in the fourth quarter worth approximately $35,000. Hager Investment Management Services LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at $43,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.7 %

Shares of DIS opened at $108.62 on Monday. The stock has a market capitalization of $196.37 billion, a PE ratio of 35.38, a P/E/G ratio of 1.80 and a beta of 1.42. The company’s fifty day moving average is $110.70 and its 200 day moving average is $102.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

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 net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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 given a dividend of $0.50 per share. 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 yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on 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 in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Prescient Securities lowered their price target on shares of 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 objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Macquarie restated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.44.

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.