Allworth Financial LP Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Allworth Financial LP grew its position in shares of The Walt Disney Company (NYSE:DIS) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,166 shares of the entertainment giant’s stock after purchasing an additional 20,161 shares during the quarter. Allworth Financial LP’s holdings in Walt Disney were worth $24,936,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. increased its holdings in Walt Disney by 20.9% in the 4th quarter. Principal Securities Inc. now owns 71,072 shares of the entertainment giant’s stock worth $7,914,000 after acquiring an additional 12,298 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in Walt Disney by 22.2% during the 4th quarter. Everhart Financial Group Inc. now owns 7,950 shares of the entertainment giant’s stock worth $885,000 after purchasing an additional 1,444 shares during the last quarter. Check Capital Management Inc. CA boosted its stake in Walt Disney by 13,386.1% during the 4th quarter. Check Capital Management Inc. CA now owns 438,971 shares of the entertainment giant’s stock worth $48,879,000 after purchasing an additional 435,716 shares during the last quarter. TigerOak Management L.L.C. acquired a new stake in Walt Disney during the 4th quarter worth $750,000. Finally, Lodestone Wealth Management LLC boosted its stake in Walt Disney by 31.1% during the 4th quarter. Lodestone Wealth Management LLC now owns 3,585 shares of the entertainment giant’s stock worth $399,000 after purchasing an additional 850 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated 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 owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was 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 valued at $44,153,263 in the last three months. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. 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 research report on Friday, November 15th. 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 research report on Friday, November 15th. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group boosted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently 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 Friday. The stock’s 50-day moving average price is $111.14 and its two-hundred day moving average price is $101.78. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market cap of $199.42 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is currently 32.57%.

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.