Matthew Goff Investment Advisor LLC Buys 597 Shares of The Walt Disney Company (NYSE:DIS)

Matthew Goff Investment Advisor LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,752 shares of the entertainment giant’s stock after acquiring an additional 597 shares during the period. Walt Disney comprises approximately 2.1% of Matthew Goff Investment Advisor LLC’s investment portfolio, making the stock its 16th biggest holding. Matthew Goff Investment Advisor LLC’s holdings in Walt Disney were worth $11,219,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DIS. Wells Trecaso Financial Group LLC lifted its position in shares of Walt Disney by 1.0% in the 4th quarter. Wells Trecaso Financial Group LLC now owns 43,299 shares of the entertainment giant’s stock worth $4,821,000 after purchasing an additional 408 shares during the period. Brighton Jones LLC raised its stake in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. Montecito Bank & Trust lifted its holdings in Walt Disney by 9.0% during the fourth quarter. Montecito Bank & Trust now owns 26,382 shares of the entertainment giant’s stock worth $2,938,000 after buying an additional 2,185 shares during the period. Veracity Capital LLC boosted its position in Walt Disney by 3.6% during the 4th quarter. Veracity Capital LLC now owns 4,764 shares of the entertainment giant’s stock valued at $530,000 after acquiring an additional 166 shares in the last quarter. Finally, Secure Asset Management LLC increased its holdings in shares of Walt Disney by 24.4% in the 4th quarter. Secure Asset Management LLC now owns 5,020 shares of the entertainment giant’s stock valued at $559,000 after acquiring an additional 985 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 $5,005,529.10. This represents a 10.19 % 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 Up 2.0 %

DIS opened at $111.02 on Friday. The company has a fifty day moving average of $112.48 and a two-hundred day moving average of $99.90. 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a market capitalization of $201.04 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 1.95 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released 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. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. Walt Disney’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current 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 paid a $0.50 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is currently 36.90%.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent research reports. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Sanford C. Bernstein lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Evercore ISI boosted their price objective 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. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Guggenheim upped their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $125.52.

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.