Delta Financial Advisors LLC Cuts Stake in The Walt Disney Company (NYSE:DIS)

Delta Financial Advisors LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 13,013 shares of the entertainment giant’s stock after selling 291 shares during the quarter. Delta Financial Advisors LLC’s holdings in Walt Disney were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC raised its stake in shares of 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 buying an additional 15,708 shares in the last quarter. Vaughan David Investments LLC IL raised its position in Walt Disney by 0.9% in the fourth quarter. Vaughan David Investments LLC IL now owns 331,136 shares of the entertainment giant’s stock worth $36,872,000 after acquiring an additional 2,952 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in Walt Disney in the fourth quarter valued at $446,000. Exchange Capital Management Inc. lifted its holdings in Walt Disney by 10.8% in the fourth quarter. Exchange Capital Management Inc. now owns 43,131 shares of the entertainment giant’s stock valued at $4,803,000 after acquiring an additional 4,218 shares during the period. Finally, TruNorth Capital Management LLC boosted its position in shares of Walt Disney by 11.7% during the 4th quarter. TruNorth Capital Management LLC now owns 1,117 shares of the entertainment giant’s stock worth $124,000 after purchasing an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, 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 this link. 0.16% of the stock is owned by insiders.

Walt Disney Trading Down 0.6 %

Shares of DIS opened at $110.57 on Wednesday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a fifty day moving average of $110.63 and a two-hundred day moving average of $102.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $199.89 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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%. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Six research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.44.

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.