Wells Trecaso Financial Group LLC Buys 408 Shares of The Walt Disney Company (NYSE:DIS)

Wells Trecaso Financial Group LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,299 shares of the entertainment giant’s stock after acquiring an additional 408 shares during the period. Walt Disney accounts for 1.6% of Wells Trecaso Financial Group LLC’s holdings, making the stock its 24th largest position. Wells Trecaso Financial Group LLC’s holdings in Walt Disney were worth $4,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Montecito Bank & Trust lifted its holdings in Walt Disney by 9.0% during the 4th quarter. Montecito Bank & Trust now owns 26,382 shares of the entertainment giant’s stock valued at $2,938,000 after purchasing an additional 2,185 shares during the last quarter. Veracity Capital LLC boosted its position in Walt Disney by 3.6% in the fourth quarter. Veracity Capital LLC now owns 4,764 shares of the entertainment giant’s stock valued at $530,000 after buying an additional 166 shares in the last quarter. Secure Asset Management LLC increased its holdings in shares of Walt Disney by 24.4% during the fourth quarter. Secure Asset Management LLC now owns 5,020 shares of the entertainment giant’s stock worth $559,000 after buying an additional 985 shares in the last quarter. Finally, Donoghue Forlines LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $2,076,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 2.0 %

Shares of Walt Disney stock opened at $111.02 on Friday. The company’s 50-day moving average price is $112.48 and its 200-day moving average price is $99.90. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market cap of $201.04 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. On average, equities analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 36.90%.

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock valued at $44,153,263. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DIS shares. Rosenblatt Securities increased their price target on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday. Sanford C. Bernstein raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Jefferies Financial Group began coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Finally, TD Cowen increased their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney 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.