Atwater Malick LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Atwater Malick LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,091 shares of the entertainment giant's stock after selling 2,935 shares during the quarter. Walt Disney accounts for approximately 2.3% of Atwater Malick LLC's portfolio, making the stock its 20th largest holding. Atwater Malick LLC's holdings in Walt Disney were worth $6,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Concurrent Investment Advisors LLC boosted its holdings in shares of Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant's stock worth $6,420,000 after purchasing an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Walt Disney by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock worth $1,001,454,000 after purchasing an additional 114,701 shares during the period. Brookstone Capital Management boosted its holdings in shares of Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock worth $15,687,000 after purchasing an additional 13,339 shares during the period. Summit Global Investments boosted its holdings in shares of Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant's stock worth $1,191,000 after purchasing an additional 10,230 shares during the period. Finally, Avanza Fonder AB purchased a new stake in shares of Walt Disney during the fourth quarter worth about $15,125,000. 65.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company's stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.10% of the company's stock.

Walt Disney Stock Up 0.6 %

Shares of DIS traded up $0.61 on Friday, hitting $107.07. 7,103,097 shares of the stock traded hands, compared to its average volume of 6,534,095. 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 company has a market capitalization of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The business has a 50 day simple moving average of $112.08 and a 200 day simple moving average of $99.67.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS 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 in the previous year, the firm posted $0.82 EPS. The firm's revenue was up 6.3% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business 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 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 payout ratio is 36.90%.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Needham & Company LLC increased their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Wells Fargo & Company raised their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price of $125.54.

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.