Empower Advisory Group LLC Has $151.41 Million Position in The Walt Disney Company (NYSE:DIS)

Empower Advisory Group LLC raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,359,735 shares of the entertainment giant's stock after purchasing an additional 41,826 shares during the period. Empower Advisory Group LLC owned 0.08% of Walt Disney worth $151,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. Creative Planning raised its stake in shares of Walt Disney by 0.9% in the 3rd quarter. Creative Planning now owns 655,712 shares of the entertainment giant's stock valued at $59,827,000 after acquiring an additional 5,972 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Walt Disney by 52.9% in the 3rd quarter. Blue Trust Inc. now owns 19,004 shares of the entertainment giant's stock valued at $1,887,000 after acquiring an additional 6,573 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Walt Disney by 3.3% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 39,216 shares of the entertainment giant's stock valued at $3,772,000 after acquiring an additional 1,249 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Walt Disney by 20.3% in the 3rd quarter. Revolve Wealth Partners LLC now owns 5,946 shares of the entertainment giant's stock valued at $572,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Cedrus LLC raised its stake in shares of Walt Disney by 1.8% in the 3rd quarter. Cedrus LLC now owns 7,553 shares of the entertainment giant's stock valued at $727,000 after acquiring an additional 132 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares of the company's stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DIS shares. Wells Fargo & Company raised their target price on Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 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, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.85.

Walt Disney Trading Down 1.1 %

Shares of Walt Disney stock traded down $1.27 during trading on Thursday, reaching $110.09. 1,254,369 shares of the company were exchanged, compared to its average volume of 8,073,455. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The business has a 50-day moving average price of $110.88 and a 200-day moving average price of $102.29. The firm has a market capitalization of $199.01 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 1.78 and a beta of 1.42.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating 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%. Sell-side 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 announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a yield of 0.6%. This is a boost from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney's 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.