Morton Brown Family Wealth LLC Has $261,000 Position in The Walt Disney Company (NYSE:DIS)

Morton Brown Family Wealth LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 81.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,344 shares of the entertainment giant’s stock after purchasing an additional 1,055 shares during the period. Morton Brown Family Wealth LLC’s holdings in Walt Disney were worth $261,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the period. International Assets Investment Management LLC lifted its position in Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after acquiring an additional 3,399,359 shares in the last quarter. FMR LLC boosted its stake in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. Van ECK Associates Corp increased its holdings in Walt Disney by 114.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after purchasing an additional 2,298,921 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Walt Disney by 112.0% in the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after purchasing an additional 2,188,610 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. TD Cowen lifted their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Wells Fargo & Company lifted their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by company insiders.

Walt Disney Stock Up 0.7 %

DIS stock opened at $110.31 on Tuesday. The stock’s 50 day moving average is $111.14 and its 200-day moving average is $101.90. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market capitalization of $199.42 billion, a PE ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts expect that The Walt Disney Company will post 5.43 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 paid a $0.50 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is 32.57%.

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.