Community Financial Services Group LLC Has $385,000 Position in The Walt Disney Company (NYSE:DIS)

Community Financial Services Group LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 51.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,459 shares of the entertainment giant’s stock after selling 3,649 shares during the period. Community Financial Services Group LLC’s holdings in Walt Disney were worth $385,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DIS. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in shares of Walt Disney by 38.3% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,591 shares of the entertainment giant’s stock worth $249,000 after buying an additional 718 shares in the last quarter. Wedge Capital Management L L P NC grew its position in Walt Disney by 8.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock worth $348,000 after acquiring an additional 270 shares during the last quarter. Creative Planning boosted its stake in shares of Walt Disney by 0.9% during the third quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock valued at $59,827,000 after purchasing an additional 5,972 shares in the last quarter. Iams Wealth Management LLC bought a new stake in shares of Walt Disney during the third quarter worth about $276,000. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of Walt Disney by 7.4% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 14,107 shares of the entertainment giant’s stock valued at $1,357,000 after buying an additional 968 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $109.01 on Wednesday. The company’s 50 day moving average price is $111.71 and its two-hundred day moving average price is $101.39. The stock has a market cap of $197.06 billion, a P/E ratio of 35.51, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities analysts predict that The Walt Disney Company will post 5.43 earnings per share for the current 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 paid a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is presently 32.57%.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $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 90 days, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by insiders.

Analyst Ratings Changes

DIS has been the subject of several analyst reports. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday. Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company boosted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

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.