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

Ritholtz Wealth Management lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,355 shares of the entertainment giant’s stock after buying an additional 2,439 shares during the period. Ritholtz Wealth Management’s holdings in Walt Disney were worth $2,109,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Evanson Asset Management LLC lifted its position in shares of Walt Disney by 3.9% during the 4th 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 in the last quarter. Trueblood Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $306,000. FLC Capital Advisors boosted its holdings in shares of Walt Disney by 16.5% in the 4th 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 holdings in shares of Walt Disney by 5.7% in the 4th 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 holdings in Walt Disney by 7.6% during the 4th quarter. Successful Portfolios LLC now owns 9,020 shares of the entertainment giant’s stock valued at $814,000 after acquiring an additional 637 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the sale, the executive vice president now owns 1,861 shares of the company’s stock, valued at $167,694.71. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on DIS shares. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. The Goldman Sachs Group cut their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Rosenblatt Securities lowered their price target on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Tigress Financial reissued a “buy” rating and set a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Morgan Stanley increased their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $117.77.

Walt Disney Stock Up 1.1 %

NYSE:DIS traded up $1.38 on Thursday, reaching $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 current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $107.28 and a 200 day moving average of $94.53. The stock has a market cap of $224.44 billion, a P/E ratio of 75.61, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 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 business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter last year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

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.