Good Life Advisors LLC Raises Position in The Walt Disney Company (NYSE:DIS)

Good Life Advisors LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,430 shares of the entertainment giant's stock after purchasing an additional 5,348 shares during the period. Good Life Advisors LLC's holdings in Walt Disney were worth $2,498,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney during the fourth quarter valued at $35,000. Hager Investment Management Services LLC purchased a new stake in Walt Disney in the fourth quarter valued at $43,000. Cedar Mountain Advisors LLC boosted its holdings in Walt Disney by 38.1% in the fourth 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 purchased a new stake in Walt Disney in the fourth quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Walt Disney in the fourth quarter valued at $50,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.7 %

NYSE:DIS traded down $1.93 during midday trading on Friday, hitting $108.62. 9,064,386 shares of the company were exchanged, compared to its average volume of 8,249,324. The company has a fifty day simple moving average of $110.70 and a 200 day simple moving average of $102.39. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. 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 company has a market capitalization of $196.37 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 1.81 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 EPS for the quarter, topping 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, equities 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 declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DIS shares. Sanford C. Bernstein upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, November 15th. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Wells Fargo & Company increased their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. The Goldman Sachs Group increased their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Guggenheim increased their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price of $125.85.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney 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 in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

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.