Morton Brown Family Wealth LLC Increases Holdings in The Walt Disney Company (NYSE:DIS)

Morton Brown Family Wealth LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 81.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,344 shares of the entertainment giant’s stock after buying an additional 1,055 shares during the period. Morton Brown Family Wealth LLC’s holdings in Walt Disney were worth $261,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Creative Capital Management Investments LLC lifted its holdings in Walt Disney by 18.8% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,285 shares of the entertainment giant’s stock valued at $143,000 after purchasing an additional 203 shares in the last quarter. Bfsg LLC boosted its position in Walt Disney by 133.0% during the fourth quarter. Bfsg LLC now owns 47,676 shares of the entertainment giant’s stock worth $5,309,000 after acquiring an additional 27,212 shares during the last quarter. GAM Holding AG grew its stake in Walt Disney by 2.2% in the 4th quarter. GAM Holding AG now owns 132,075 shares of the entertainment giant’s stock worth $14,707,000 after acquiring an additional 2,797 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Walt Disney by 14.2% during the 4th quarter. Venturi Wealth Management LLC now owns 7,512 shares of the entertainment giant’s stock worth $836,000 after purchasing an additional 932 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Walt Disney by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 276,399 shares of the entertainment giant’s stock valued at $30,777,000 after purchasing an additional 5,100 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIS. 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. TD Cowen boosted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Sanford C. Bernstein raised their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.85.

Insider Buying and Selling at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last three months. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $110.31 on Tuesday. The business’s 50-day moving average is $111.14 and its 200-day moving average is $101.90. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a market capitalization of $199.42 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 1.95 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 0.67.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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 expect that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a yield of 0.6%. 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. Walt Disney’s dividend payout ratio is presently 32.57%.

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.