The Walt Disney Company (NYSE:DIS) Holdings Trimmed by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,179 shares of the entertainment giant’s stock after selling 250 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Walt Disney were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kirtland Hills Capital Management LLC grew its position in Walt Disney by 15.6% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 5,765 shares of the entertainment giant’s stock worth $642,000 after purchasing an additional 780 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in Walt Disney during the 4th quarter worth approximately $195,000. Los Angeles Capital Management LLC grew its position in Walt Disney by 117.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 29,071 shares of the entertainment giant’s stock worth $3,237,000 after purchasing an additional 15,708 shares in the last quarter. Vaughan David Investments LLC IL grew its position in Walt Disney by 0.9% during the 4th quarter. Vaughan David Investments LLC IL now owns 331,136 shares of the entertainment giant’s stock worth $36,872,000 after purchasing an additional 2,952 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at $446,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 0.6 %

Walt Disney stock opened at $110.57 on Wednesday. The firm has a market cap of $199.89 billion, a price-to-earnings ratio of 36.02, a P/E/G 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. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a fifty day moving average price of $110.63 and a two-hundred day moving average price of $102.92.

Walt Disney (NYSE:DIS) last released 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%. As a group, analysts forecast 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. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. 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. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is presently 32.57%.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research analyst reports. Guggenheim boosted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company boosted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. TD Cowen boosted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.44.

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.