The Walt Disney Company (NYSE:DIS) Stake Lessened by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,689 shares of the entertainment giant’s stock after selling 1,100 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Walt Disney were worth $745,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $35,000. Hager Investment Management Services LLC bought a new stake in Walt Disney in the fourth quarter worth about $43,000. Cedar Mountain Advisors LLC lifted its holdings 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 last quarter. Friedenthal Financial bought a new position in shares of Walt Disney during the 4th quarter valued at about $49,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $50,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.7 %

Shares of DIS stock opened at $110.52 on Friday. The stock’s 50 day simple moving average is $110.80 and its 200 day simple moving average is $102.34. 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 twelve month low of $83.91 and a twelve month high of $123.74. The company has a market capitalization of $199.80 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 1.81 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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 return on equity of 9.95% and a net margin of 6.07%. As a group, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on DIS shares. Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Guggenheim lifted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Finally, Evercore ISI upped their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $125.85.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by company 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.