The Walt Disney Company (NYSE:DIS) Position Cut by Addenda Capital Inc.

Addenda Capital Inc. cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,081 shares of the entertainment giant's stock after selling 45,333 shares during the quarter. Addenda Capital Inc.'s holdings in Walt Disney were worth $7,614,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Farallon Capital Management LLC acquired a new stake in Walt Disney in the second quarter valued at about $355,673,000. International Assets Investment Management LLC raised its stake in shares of Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant's stock worth $329,585,000 after buying an additional 3,399,359 shares in the last quarter. FMR LLC lifted its holdings in shares of Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after buying an additional 2,765,389 shares during the period. Van ECK Associates Corp boosted its stake in shares of Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant's stock valued at $414,582,000 after buying an additional 2,298,921 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock worth $398,508,000 after acquiring an additional 2,188,610 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent analyst reports. Seaport Res Ptn upgraded shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 30th. Evercore ISI lifted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. TD Cowen raised their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research note on Friday, November 15th. Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Macquarie reissued a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.54.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last three months. 0.10% of the stock is owned by insiders.

Walt Disney Stock Up 1.6 %

DIS traded up $1.70 on Tuesday, reaching $108.72. The company's stock had a trading volume of 8,632,767 shares, compared to its average volume of 7,000,367. 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 Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business's 50 day moving average is $112.20 and its 200 day moving average is $99.76. The stock has a market cap of $196.89 billion, a price-to-earnings ratio of 40.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43.

Walt Disney (NYSE:DIS - Get Free Report) 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. As a group, research 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 declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This represents a yield of 0.6%. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is 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.