Cabot Wealth Management Inc. Has $10.82 Million Stake in The Walt Disney Company (NYSE:DIS)

Cabot Wealth Management Inc. increased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,192 shares of the entertainment giant's stock after buying an additional 2,842 shares during the quarter. Cabot Wealth Management Inc.'s holdings in Walt Disney were worth $10,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Walt Disney by 4.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant's stock valued at $10,377,000 after buying an additional 4,878 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Walt Disney by 10.5% during the third quarter. Ballentine Partners LLC now owns 24,394 shares of the entertainment giant's stock worth $2,346,000 after acquiring an additional 2,310 shares during the period. Sigma Investment Counselors Inc. lifted its position in Walt Disney by 6.8% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,039 shares of the entertainment giant's stock valued at $389,000 after acquiring an additional 258 shares in the last quarter. Shayne & Jacobs LLC boosted its stake in Walt Disney by 11.9% in the 3rd quarter. Shayne & Jacobs LLC now owns 29,260 shares of the entertainment giant's stock worth $2,815,000 after purchasing an additional 3,113 shares during the period. Finally, Pavion Blue Capital LLC increased its holdings in Walt Disney by 2.4% during the 3rd quarter. Pavion Blue Capital LLC now owns 55,811 shares of the entertainment giant's stock worth $5,368,000 after purchasing an additional 1,304 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Guggenheim boosted 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. Needham & Company LLC reaffirmed a "buy" rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a "hold" rating in a report on Friday, November 15th. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.44.

Walt Disney Stock Performance

DIS traded up $1.29 on Wednesday, reaching $111.82. The company had a trading volume of 7,827,624 shares, compared to its average volume of 8,181,265. The company's fifty day moving average is $110.63 and its 200 day moving average is $102.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market cap of $202.14 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, analysts predict that The Walt Disney Company will post 5.47 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. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's dividend payout ratio (DPR) is currently 32.57%.

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of the business'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 completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

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.