First Horizon Advisors Inc. Has $2.16 Million Position in The Walt Disney Company (NYSE:DIS)

First Horizon Advisors Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,427 shares of the entertainment giant’s stock after selling 313 shares during the period. First Horizon Advisors Inc.’s holdings in Walt Disney were worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its stake in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after purchasing an additional 5,184 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after buying an additional 114,701 shares in the last quarter. Brookstone Capital Management grew its position in Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after acquiring an additional 13,339 shares during the last quarter. Summit Global Investments raised its stake in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB bought a new position in shares of Walt Disney in the fourth quarter worth about $15,125,000. 65.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 1.7 %

Shares of Walt Disney stock opened at $108.62 on Monday. The stock’s 50-day moving average is $110.70 and its 200 day moving average is $102.58. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The firm has a market cap of $196.37 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is currently 32.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DIS shares. Prescient Securities decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Finally, Evercore ISI upped 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. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.44.

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.