Ritholtz Wealth Management Buys 2,439 Shares of The Walt Disney Company (NYSE:DIS)

Ritholtz Wealth Management boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,355 shares of the entertainment giant’s stock after purchasing an additional 2,439 shares during the period. Ritholtz Wealth Management’s holdings in Walt Disney were worth $2,109,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Evanson Asset Management LLC grew its position in Walt Disney by 3.9% during the fourth quarter. Evanson Asset Management LLC now owns 4,510 shares of the entertainment giant’s stock valued at $407,000 after buying an additional 169 shares during the period. Trueblood Wealth Management LLC bought a new position in Walt Disney during the fourth quarter worth about $306,000. FLC Capital Advisors boosted its position in Walt Disney by 16.5% during the fourth quarter. FLC Capital Advisors now owns 17,375 shares of the entertainment giant’s stock worth $1,569,000 after purchasing an additional 2,467 shares during the period. Good Life Advisors LLC boosted its position in Walt Disney by 5.7% during the fourth quarter. Good Life Advisors LLC now owns 15,117 shares of the entertainment giant’s stock worth $1,365,000 after purchasing an additional 815 shares during the period. Finally, Successful Portfolios LLC boosted its position in Walt Disney by 7.6% during the fourth quarter. Successful Portfolios LLC now owns 9,020 shares of the entertainment giant’s stock worth $814,000 after purchasing an additional 637 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DIS. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Raymond James increased their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Rosenblatt Securities cut their target price on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. The Goldman Sachs Group lowered their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $117.77.

Walt Disney Trading Up 1.1 %

Shares of Walt Disney stock traded up $1.38 on Thursday, hitting $122.36. The stock had a trading volume of 15,160,256 shares, compared to its average volume of 12,578,303. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock has a market cap of $224.44 billion, a price-to-earnings ratio of 75.61, a PEG ratio of 1.84 and a beta of 1.41. The stock’s 50-day simple moving average is $107.28 and its two-hundred day simple moving average is $94.53.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter last year, the business earned $0.99 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is currently 18.52%.

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.