Capital Investment Counsel Inc Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Capital Investment Counsel Inc cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,418 shares of the entertainment giant's stock after selling 3,273 shares during the quarter. Walt Disney comprises approximately 0.7% of Capital Investment Counsel Inc's holdings, making the stock its 29th biggest position. Capital Investment Counsel Inc's holdings in Walt Disney were worth $4,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DIS. Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter valued at $35,000. Hager Investment Management Services LLC acquired a new stake in Walt Disney during the 4th quarter valued at $43,000. Cedar Mountain Advisors LLC lifted its holdings in Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock valued at $44,000 after purchasing an additional 110 shares during the last quarter. Friedenthal Financial acquired a new stake in Walt Disney during the 4th quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Walt Disney during the 4th quarter valued at $50,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Down 1.7 %

NYSE:DIS traded down $1.93 on Friday, reaching $108.62. 9,064,386 shares of the stock traded hands, compared to its average volume of 8,249,324. The firm has a market capitalization of $196.37 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42. The company's 50 day moving average is $110.80 and its 200-day moving average is $102.34. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is a boost 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 is presently 32.57%.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Guggenheim lifted their target price on 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 lifted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Macquarie reissued a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.85.

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.