The Walt Disney Company (NYSE:DIS) Stock Position Raised by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 50.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,858 shares of the entertainment giant’s stock after acquiring an additional 4,635 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Walt Disney were worth $1,251,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Tectonic Advisors LLC lifted its position in shares of Walt Disney by 8.6% in the 4th quarter. Tectonic Advisors LLC now owns 11,215 shares of the entertainment giant’s stock valued at $1,013,000 after acquiring an additional 884 shares in the last quarter. Bar Harbor Wealth Management lifted its position in shares of Walt Disney by 4.9% in the 4th quarter. Bar Harbor Wealth Management now owns 43,322 shares of the entertainment giant’s stock valued at $3,912,000 after acquiring an additional 2,025 shares in the last quarter. AHL Investment Management Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $203,000. Vision Capital Management Inc. lifted its position in shares of Walt Disney by 0.5% in the 4th quarter. Vision Capital Management Inc. now owns 58,355 shares of the entertainment giant’s stock valued at $5,269,000 after acquiring an additional 263 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its position in shares of Walt Disney by 2.6% in the 4th quarter. Alhambra Investment Management LLC now owns 5,620 shares of the entertainment giant’s stock valued at $507,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Raymond James upped their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Company upped their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Macquarie upped their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $95.00 to $135.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.64.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $120.98 on Thursday. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $122.03. The firm’s fifty day simple moving average is $106.66 and its 200 day simple moving average is $94.34. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $221.91 billion, a PE ratio of 74.68, a PEG ratio of 1.85 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period last year, the business posted $0.99 EPS. Walt Disney’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.62 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

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.