Crestwood Advisors Group LLC Decreases Position in The Walt Disney Company (NYSE:DIS)

Crestwood Advisors Group LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 53.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,186 shares of the entertainment giant's stock after selling 135,260 shares during the quarter. Crestwood Advisors Group LLC's holdings in Walt Disney were worth $13,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Jennison Associates LLC lifted its holdings in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. FMR LLC lifted its holdings 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 buying an additional 2,765,389 shares during the period. Van ECK Associates Corp boosted its holdings in 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 acquiring an additional 2,298,921 shares in the last quarter. Janus Henderson Group PLC boosted its position in Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock valued at $398,508,000 after acquiring an additional 2,188,610 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock valued at $3,609,833,000 after acquiring an additional 1,393,082 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction 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 $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DIS shares. The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Evercore ISI boosted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Sanford C. Bernstein lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Finally, Bank of America upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.44.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $2.51 on Wednesday, reaching $113.04. 2,728,841 shares of the company traded hands, compared to its average volume of 8,030,648. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company's 50 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 current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $204.35 billion, a PE ratio of 36.76, a P/E/G ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued 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 was Monday, December 16th. Walt Disney's dividend payout ratio is presently 32.57%.

About Walt Disney

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.