The Walt Disney Company (NYSE:DIS) Holdings Decreased by Thompson Investment Management Inc.

Thompson Investment Management Inc. trimmed its position in The Walt Disney Company (NYSE:DIS) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,601 shares of the entertainment giant’s stock after selling 215 shares during the period. Thompson Investment Management Inc.’s holdings in Walt Disney were worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Walt Disney by 347.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,541 shares of the entertainment giant’s stock worth $1,398,000 after purchasing an additional 11,294 shares in the last quarter. Wynn Capital LLC grew its stake in shares of Walt Disney by 0.7% in the third quarter. Wynn Capital LLC now owns 16,793 shares of the entertainment giant’s stock worth $1,615,000 after purchasing an additional 119 shares in the last quarter. Asio Capital LLC grew its stake in shares of Walt Disney by 4.3% in the third quarter. Asio Capital LLC now owns 29,792 shares of the entertainment giant’s stock worth $2,866,000 after purchasing an additional 1,234 shares in the last quarter. Covea Finance grew its stake in shares of Walt Disney by 1.0% in the third quarter. Covea Finance now owns 566,016 shares of the entertainment giant’s stock worth $54,445,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Cox Capital Mgt LLC acquired a new stake in shares of Walt Disney in the third quarter valued at $2,231,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $110.83 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock’s 50-day moving average is $111.87 and its two-hundred day moving average is $101.14. The firm has a market cap of $200.36 billion, a P/E ratio of 36.10, a PEG ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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%. Analysts predict that The Walt Disney Company will post 5.43 earnings per share 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 was Monday, December 16th. Walt Disney’s dividend payout ratio is presently 32.57%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DIS. Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Six investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Activity

In other news, 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 8,000 shares of the 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.16% 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.