Marotta Asset Management Has $399,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Marotta Asset Management trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,598 shares of the entertainment giant’s stock after selling 149 shares during the period. Marotta Asset Management’s holdings in Walt Disney were worth $399,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. Fortitude Family Office LLC grew its position in shares of Walt Disney by 4.9% in the fourth quarter. Fortitude Family Office LLC now owns 2,568 shares of the entertainment giant’s stock valued at $286,000 after purchasing an additional 119 shares during the last quarter. Partnership Wealth Management LLC raised its position in Walt Disney by 3.6% in the fourth quarter. Partnership Wealth Management LLC now owns 12,163 shares of the entertainment giant’s stock worth $1,354,000 after purchasing an additional 420 shares in the last quarter. Legacy Private Trust Co. grew its holdings in shares of Walt Disney by 3.9% in the 4th quarter. Legacy Private Trust Co. now owns 14,712 shares of the entertainment giant’s stock worth $1,638,000 after purchasing an additional 555 shares during the last quarter. First Hawaiian Bank increased its position in shares of Walt Disney by 11.1% during the 4th quarter. First Hawaiian Bank now owns 42,962 shares of the entertainment giant’s stock worth $4,784,000 after purchasing an additional 4,308 shares in the last quarter. Finally, Farmers Trust Co. boosted its position in Walt Disney by 1.1% in the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after buying an additional 92 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS stock traded down $1.74 on Friday, hitting $108.02. 1,976,446 shares of the company’s stock were exchanged, compared to its average volume of 5,713,135. The company has a 50 day moving average of $110.85 and a 200 day moving average of $99.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a market cap of $195.62 billion, a P/E ratio of 39.86, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion for the quarter, compared to analyst estimates 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 was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, equities research analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last ninety days. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DIS. Evercore ISI boosted their target price on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. 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. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Sanford C. Bernstein increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities lifted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

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.