Everett Harris & Co. CA Trims Stake in The Walt Disney Company (NYSE:DIS)

Everett Harris & Co. CA decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,220,146 shares of the entertainment giant’s stock after selling 8,866 shares during the period. Walt Disney accounts for 1.7% of Everett Harris & Co. CA’s investment portfolio, making the stock its 12th biggest position. Everett Harris & Co. CA owned approximately 0.07% of Walt Disney worth $135,863,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Cedar Mountain Advisors LLC lifted its stake in shares of Walt Disney by 38.1% during 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 during the period. Friedenthal Financial acquired a new stake in Walt Disney in the 4th quarter worth about $49,000. First PREMIER Bank grew its holdings in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the period. Retirement Wealth Solutions LLC purchased a new position in shares of Walt Disney during the 4th quarter worth about $50,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Walt Disney in the third quarter worth approximately $51,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Rosenblatt Securities increased their target price on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. 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 report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Insider Activity at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’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 completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $113.04 on Friday. The stock has a market cap of $204.43 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $112.39 and a 200-day simple moving average of $100.53.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced 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 positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio is presently 36.90%.

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.