Calton & Associates Inc. Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Calton & Associates Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 79.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,118 shares of the entertainment giant’s stock after selling 8,130 shares during the quarter. Calton & Associates Inc.’s holdings in Walt Disney were worth $236,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Walt Disney by 291.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,240 shares of the entertainment giant’s stock worth $19,882,000 after purchasing an additional 149,140 shares during the period. Czech National Bank lifted its position in Walt Disney by 6.3% in the third quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock worth $35,532,000 after buying an additional 21,998 shares during the last quarter. Farmers Trust Co. boosted its stake in Walt Disney by 1.4% during the third quarter. Farmers Trust Co. now owns 8,391 shares of the entertainment giant’s stock worth $807,000 after buying an additional 113 shares during the period. CJM Wealth Advisers Ltd. bought a new position in Walt Disney during the third quarter valued at $216,000. Finally, Thrive Wealth Management LLC raised its stake in shares of Walt Disney by 7.2% in the third quarter. Thrive Wealth Management LLC now owns 4,115 shares of the entertainment giant’s stock valued at $396,000 after acquiring an additional 276 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.3 %

Walt Disney stock opened at $113.04 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The business has a fifty day moving average price of $112.39 and a 200-day moving average price of $100.53. 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 stock has a market capitalization of $204.43 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.02 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 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 analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 5.41 EPS 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. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a dividend 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%.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company’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 sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Loop Capital lifted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Wells Fargo & Company raised their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Finally, Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.