The Walt Disney Company (NYSE:DIS) Shares Sold by Buttonwood Financial Advisors Inc.

Buttonwood Financial Advisors Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,339 shares of the entertainment giant’s stock after selling 310 shares during the quarter. Walt Disney makes up approximately 1.2% of Buttonwood Financial Advisors Inc.’s holdings, making the stock its 24th largest position. Buttonwood Financial Advisors Inc.’s holdings in Walt Disney were worth $2,821,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the 2nd quarter worth approximately $32,000. Cedar Mountain Advisors LLC grew its stake in shares of 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 purchasing an additional 110 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Walt Disney during the fourth quarter valued at $49,000. First PREMIER Bank raised its stake in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in Walt Disney in the 4th quarter valued at about $50,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Rosenblatt Securities upped their target price 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 reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Guggenheim lifted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.52.

Insider Activity at Walt Disney

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

Walt Disney Stock Performance

Shares of DIS opened at $112.25 on Monday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market capitalization of $203.28 billion, a PE ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43. The company’s 50 day moving average price is $112.46 and its 200 day moving average price is $100.11.

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

Walt Disney Increases Dividend

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

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.