Lyell Wealth Management LP Sells 4,225 Shares of The Walt Disney Company (NYSE:DIS)

Lyell Wealth Management LP cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,890 shares of the entertainment giant's stock after selling 4,225 shares during the period. Lyell Wealth Management LP's holdings in Walt Disney were worth $4,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Farmers Trust Co. boosted its position in shares of Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock valued at $945,000 after buying an additional 92 shares during the last quarter. Pathway Financial Advisors LLC lifted its stake in Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock valued at $386,000 after acquiring an additional 92 shares during the period. Prossimo Advisors LLC boosted its holdings in shares of Walt Disney by 1.1% during the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after acquiring an additional 92 shares during the last quarter. Saxon Interests Inc. grew its stake in shares of Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after acquiring an additional 93 shares during the period. Finally, Abundance Wealth Counselors raised its holdings in shares of Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant's stock valued at $1,076,000 after purchasing an additional 94 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIS. Needham & Company LLC reiterated a "buy" rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price objective for the company. Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.85.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 8,000 shares of the firm'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 of the company's stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Walt Disney Price Performance

NYSE:DIS traded down $1.93 during trading hours on Friday, reaching $108.62. The stock had a trading volume of 9,064,386 shares, compared to its average volume of 8,249,324. The stock has a market capitalization of $196.37 billion, a PE ratio of 35.38, a PEG ratio of 1.81 and a beta of 1.42. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a 50 day moving average price of $110.70 and a two-hundred day moving average price of $102.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

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 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, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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. Investors of record on Monday, December 16th were issued a $0.50 dividend. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney's dividend payout ratio (DPR) 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.