Fortitude Advisory Group L.L.C. Has $347,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Fortitude Advisory Group L.L.C. reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,112 shares of the entertainment giant’s stock after selling 347 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Walt Disney were worth $347,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Walt Disney by 6.6% during the 2nd quarter. NewEdge Advisors LLC now owns 107,283 shares of the entertainment giant’s stock worth $10,652,000 after purchasing an additional 6,686 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the second quarter valued at approximately $32,000. Invst LLC lifted its stake in Walt Disney by 2.0% in the second quarter. Invst LLC now owns 18,149 shares of the entertainment giant’s stock valued at $1,779,000 after acquiring an additional 348 shares during the last quarter. Regal Investment Advisors LLC grew its position in Walt Disney by 8.5% in the second quarter. Regal Investment Advisors LLC now owns 19,281 shares of the entertainment giant’s stock worth $1,914,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth $13,702,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.9 %

Shares of NYSE DIS opened at $113.18 on Tuesday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market cap of $204.97 billion, a PE ratio of 41.76, a PEG ratio of 1.95 and a beta of 1.43. The business has a fifty day moving average of $112.46 and a two-hundred day moving average of $100.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last announced its 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. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney 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 directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was 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 directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DIS. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five investment 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 stock has an average rating of “Moderate Buy” and a consensus price target of $125.52.

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.