Brighton Jones LLC Boosts Position in The Walt Disney Company (NYSE:DIS)

Brighton Jones LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,767 shares of the entertainment giant’s stock after buying an additional 1,904 shares during the quarter. Brighton Jones LLC’s holdings in Walt Disney were worth $2,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Farmers Trust Co. increased its position in shares of Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after purchasing an additional 92 shares in the last quarter. Saxon Interests Inc. lifted its stake in Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 93 shares during the last quarter. Smithfield Trust Co boosted its holdings in shares of Walt Disney by 0.5% in the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after acquiring an additional 102 shares during the period. Drucker Wealth 3.0 LLC increased its holdings in shares of Walt Disney by 0.9% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock valued at $1,121,000 after acquiring an additional 106 shares during the period. Finally, Connable Office Inc. boosted its stake in Walt Disney by 0.3% during the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after purchasing an additional 108 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Loop Capital lifted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Sanford C. Bernstein upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Trading Up 2.0 %

DIS opened at $111.02 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $201.04 billion, a PE ratio of 40.96, a P/E/G ratio of 1.94 and a beta of 1.43. The firm’s fifty day moving average price is $112.48 and its 200 day moving average price is $99.90.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter last year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 36.90%.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the 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 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 disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 over the last 90 days. Insiders own 0.10% of the company’s stock.

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.