Cetera Trust Company N.A Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Cetera Trust Company N.A raised its position in shares of The Walt Disney Company (NYSE:DIS) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,842 shares of the entertainment giant’s stock after acquiring an additional 675 shares during the quarter. Cetera Trust Company N.A’s holdings in Walt Disney were worth $1,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Magnus Financial Group LLC lifted its stake in Walt Disney by 3.7% in the 4th quarter. Magnus Financial Group LLC now owns 20,796 shares of the entertainment giant’s stock worth $2,316,000 after purchasing an additional 745 shares in the last quarter. Investment Advisory Group LLC lifted its position in Walt Disney by 7.7% in the fourth quarter. Investment Advisory Group LLC now owns 2,413 shares of the entertainment giant’s stock valued at $269,000 after buying an additional 173 shares during the last quarter. Albion Financial Group UT boosted its stake in Walt Disney by 3.0% during the fourth quarter. Albion Financial Group UT now owns 100,307 shares of the entertainment giant’s stock worth $11,169,000 after buying an additional 2,952 shares during the period. West Branch Capital LLC increased its position in shares of Walt Disney by 16,550.0% during the fourth quarter. West Branch Capital LLC now owns 666 shares of the entertainment giant’s stock valued at $74,000 after acquiring an additional 662 shares during the last quarter. Finally, Barlow Wealth Partners Inc. raised its stake in shares of Walt Disney by 0.9% in the 4th quarter. Barlow Wealth Partners Inc. now owns 100,666 shares of the entertainment giant’s stock valued at $10,890,000 after acquiring an additional 852 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein boosted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Guggenheim lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen raised their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Insiders Place Their Bets

In related 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 in the last quarter. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.2 %

Shares of DIS opened at $108.87 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The stock has a 50-day moving average price of $112.35 and a 200 day moving average price of $99.83. The company has a market capitalization of $197.15 billion, a P/E ratio of 40.11, a P/E/G ratio of 1.91 and a beta of 1.43.

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

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued 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 was Monday, December 16th. Walt Disney’s payout ratio is currently 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.