The Walt Disney Company (NYSE:DIS) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,256 shares of the entertainment giant’s stock after selling 224 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Walt Disney were worth $1,023,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. F M Investments LLC purchased a new stake in shares of Walt Disney during the 3rd quarter worth approximately $446,000. Janney Capital Management LLC lifted its stake in Walt Disney by 4.8% in the 3rd quarter. Janney Capital Management LLC now owns 3,405 shares of the entertainment giant’s stock valued at $328,000 after buying an additional 157 shares in the last quarter. Pure Financial Advisors LLC lifted its stake in Walt Disney by 4.1% in the 3rd quarter. Pure Financial Advisors LLC now owns 11,585 shares of the entertainment giant’s stock valued at $1,114,000 after buying an additional 457 shares in the last quarter. Opes Wealth Management LLC lifted its stake in Walt Disney by 20.0% in the 3rd quarter. Opes Wealth Management LLC now owns 2,853 shares of the entertainment giant’s stock valued at $274,000 after buying an additional 475 shares in the last quarter. Finally, Forum Financial Management LP lifted its stake in Walt Disney by 3.3% in the 3rd quarter. Forum Financial Management LP now owns 24,438 shares of the entertainment giant’s stock valued at $2,351,000 after buying an additional 787 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 1.0 %

Shares of NYSE DIS opened at $112.69 on Tuesday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market cap of $203.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 1.80 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $110.70 and a 200 day moving average price of $103.66.

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, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed 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 is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, 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. Six investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.44.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 directly owns 44,055 shares of the company’s stock, valued at $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 available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

About Walt Disney

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.