Ramsay Stattman Vela & Price Inc. Decreases Position in The Walt Disney Company (NYSE:DIS)

Ramsay Stattman Vela & Price Inc. reduced its stake in The Walt Disney Company (NYSE:DIS) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,550 shares of the entertainment giant’s stock after selling 2,210 shares during the period. Walt Disney makes up about 1.1% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 28th largest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Walt Disney were worth $5,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Capital Management Investments LLC increased its stake in shares of Walt Disney by 18.8% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,285 shares of the entertainment giant’s stock worth $143,000 after buying an additional 203 shares during the period. Bfsg LLC boosted its holdings in shares of Walt Disney by 133.0% in the 4th quarter. Bfsg LLC now owns 47,676 shares of the entertainment giant’s stock valued at $5,309,000 after buying an additional 27,212 shares in the last quarter. GAM Holding AG grew its position in shares of Walt Disney by 2.2% in the 4th quarter. GAM Holding AG now owns 132,075 shares of the entertainment giant’s stock valued at $14,707,000 after buying an additional 2,797 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Walt Disney by 14.2% during the 4th quarter. Venturi Wealth Management LLC now owns 7,512 shares of the entertainment giant’s stock worth $836,000 after acquiring an additional 932 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in Walt Disney by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 276,399 shares of the entertainment giant’s stock valued at $30,777,000 after acquiring an additional 5,100 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. TD Cowen upped their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Citigroup reissued a “buy” rating and set a $125.00 price target 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 company a “buy” rating in a research note on Friday, November 15th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Stock Up 0.7 %

Shares of NYSE DIS opened at $110.31 on Tuesday. The stock has a fifty day moving average price of $111.14 and a 200 day moving average price of $101.90. The company has a market cap of $199.42 billion, a P/E ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. Research analysts anticipate that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently declared 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%. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 32.57%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.16% of the stock is owned by insiders.

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.