Wilkinson Global Asset Management LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

Wilkinson Global Asset Management LLC lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 500,371 shares of the entertainment giant's stock after selling 6,643 shares during the period. Walt Disney accounts for approximately 3.4% of Wilkinson Global Asset Management LLC's holdings, making the stock its 13th biggest position. Wilkinson Global Asset Management LLC's holdings in Walt Disney were worth $55,716,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DIS. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter worth about $35,000. Hager Investment Management Services LLC purchased a new position in Walt Disney in the fourth quarter worth about $43,000. Cedar Mountain Advisors LLC grew its position in Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock worth $44,000 after acquiring an additional 110 shares in the last quarter. Friedenthal Financial purchased a new position in Walt Disney in the fourth quarter worth about $49,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Walt Disney in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Wells Fargo & Company raised their price objective 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. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Sanford C. Bernstein raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Finally, Guggenheim raised their price objective 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 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $125.85.

Walt Disney Stock Down 1.7 %

DIS stock traded down $1.93 during trading on Friday, hitting $108.62. 9,064,386 shares of the company's stock traded hands, compared to its average volume of 8,249,324. The business has a fifty day simple moving average of $110.70 and a two-hundred day simple moving average of $102.39. 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 1 year low of $83.91 and a 1 year high of $123.74. The firm has a market capitalization of $196.37 billion, a P/E ratio of 35.38, a PEG ratio of 1.81 and a beta of 1.42.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. 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 of this dividend was Monday, December 16th. Walt Disney's payout ratio is currently 32.57%.

Insiders Place Their Bets

In other Walt Disney 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 of the company's stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

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.