Private Advisor Group LLC Has $27.61 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Private Advisor Group LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,969 shares of the entertainment giant's stock after selling 2,357 shares during the period. Private Advisor Group LLC's holdings in Walt Disney were worth $27,611,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in Walt Disney by 0.6% during the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock worth $7,463,978,000 after buying an additional 490,681 shares in the last quarter. Geode Capital Management LLC boosted its stake in Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock worth $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. FMR LLC boosted its stake in Walt Disney by 8.7% during the third 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 in the last quarter. Jennison Associates LLC boosted its stake 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 buying an additional 3,636,742 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Walt Disney by 3.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant's stock worth $1,332,297,000 after buying an additional 454,678 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of analyst reports. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Needham & Company LLC reissued a "buy" rating and set a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price objective for the company. Finally, Bank of America lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.85.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the business's 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. The trade was a 15.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Walt Disney Trading Down 1.7 %

NYSE:DIS traded down $1.93 on Friday, hitting $108.62. 9,064,386 shares of the stock were exchanged, compared to its average volume of 8,249,324. The stock has a market capitalization of $196.37 billion, a price-to-earnings ratio of 35.38, a P/E/G 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 debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company's 50-day moving average price is $110.70 and its 200 day moving average price is $102.39.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.95% and a net margin of 6.07%. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given 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 dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney's payout ratio is presently 32.57%.

Walt Disney Company 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.