Horan Capital Advisors LLC. Sells 596 Shares of The Walt Disney Company (NYSE:DIS)

Horan Capital Advisors LLC. reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 14.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,585 shares of the entertainment giant’s stock after selling 596 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Walt Disney were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SWS Partners boosted its position in shares of Walt Disney by 1.1% during the 4th quarter. SWS Partners now owns 14,997 shares of the entertainment giant’s stock valued at $1,677,000 after acquiring an additional 156 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in Walt Disney during the 4th quarter valued at $717,000. Pinion Investment Advisors LLC raised its holdings in Walt Disney by 1.8% during the 4th quarter. Pinion Investment Advisors LLC now owns 6,376 shares of the entertainment giant’s stock valued at $710,000 after buying an additional 115 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Walt Disney by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,762,144 shares of the entertainment giant’s stock valued at $1,198,365,000 after buying an additional 350,939 shares during the period. Finally, Tacita Capital Inc raised its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of DIS stock opened at $112.69 on Tuesday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The stock’s 50-day moving average is $110.70 and its 200 day moving average is $103.66. The company has a market cap of $203.72 billion, a P/E ratio of 36.71, 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 data 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 return on equity of 9.95% and a net margin of 6.07%. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm 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. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Loop Capital increased their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.44.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.