The Walt Disney Company (NYSE:DIS) Shares Sold by Bedel Financial Consulting Inc.

Bedel Financial Consulting Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,241 shares of the entertainment giant’s stock after selling 265 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Walt Disney were worth $1,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. F M Investments LLC purchased a new position in Walt Disney in the 3rd quarter valued at approximately $446,000. Janney Capital Management LLC raised its stake in shares of Walt Disney by 4.8% in the third quarter. Janney Capital Management LLC now owns 3,405 shares of the entertainment giant’s stock valued at $328,000 after acquiring an additional 157 shares in the last quarter. Pure Financial Advisors LLC boosted its holdings in Walt Disney by 4.1% in the third quarter. Pure Financial Advisors LLC now owns 11,585 shares of the entertainment giant’s stock valued at $1,114,000 after purchasing an additional 457 shares during the period. Opes Wealth Management LLC grew its stake in Walt Disney by 20.0% during the 3rd quarter. Opes Wealth Management LLC now owns 2,853 shares of the entertainment giant’s stock worth $274,000 after purchasing an additional 475 shares in the last quarter. Finally, Forum Financial Management LP grew its stake in Walt Disney by 3.3% during the 3rd quarter. Forum Financial Management LP now owns 24,438 shares of the entertainment giant’s stock worth $2,351,000 after purchasing an additional 787 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $112.69 on Tuesday. The firm’s fifty day simple moving average is $110.70 and its 200-day simple moving average is $103.66. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a market capitalization of $203.72 billion, a price-to-earnings 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 posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently disclosed 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 a boost 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 32.57%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Bank of America lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. TD Cowen raised their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.44.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.16% of the company’s stock.

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.