Exchange Capital Management Inc. Increases Position in The Walt Disney Company (NYSE:DIS)

Exchange Capital Management Inc. raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,131 shares of the entertainment giant's stock after purchasing an additional 4,218 shares during the quarter. Exchange Capital Management Inc.'s holdings in Walt Disney were worth $4,803,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DIS. J.W. Cole Advisors Inc. boosted its holdings in shares of Walt Disney by 2.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 28,468 shares of the entertainment giant's stock worth $2,738,000 after buying an additional 691 shares during the period. Hedges Asset Management LLC lifted its position in shares of Walt Disney by 13.6% in the 3rd quarter. Hedges Asset Management LLC now owns 10,450 shares of the entertainment giant's stock worth $1,005,000 after acquiring an additional 1,250 shares during the period. Leuthold Group LLC bought a new position in Walt Disney in the third quarter worth $5,593,000. Summit Place Financial Advisors LLC boosted its holdings in Walt Disney by 5.6% during the third quarter. Summit Place Financial Advisors LLC now owns 32,768 shares of the entertainment giant's stock valued at $3,152,000 after purchasing an additional 1,736 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Walt Disney in the 3rd quarter worth approximately $611,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Prescient Securities lowered their target price 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. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Loop Capital increased their price target on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Guggenheim lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Bank of America increased their target price on 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.44.

Walt Disney Stock Performance

NYSE DIS traded up $1.29 on Wednesday, reaching $111.82. 5,802,819 shares of the company's stock traded hands, compared to its average volume of 8,120,039. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a 50 day moving average price of $110.63 and a 200-day moving average price of $102.92. 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 firm has a market cap of $202.15 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 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%. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS 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. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's payout ratio is currently 32.57%.

Insider Activity

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 value of $917,920.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.16% of the company's stock.

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.