IFG Advisory LLC Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)

IFG Advisory LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,722 shares of the entertainment giant’s stock after purchasing an additional 208 shares during the period. IFG Advisory LLC’s holdings in Walt Disney were worth $788,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DIS. RNC Capital Management LLC increased its position in shares of Walt Disney by 11.7% in the fourth quarter. RNC Capital Management LLC now owns 42,720 shares of the entertainment giant’s stock worth $3,857,000 after acquiring an additional 4,473 shares in the last quarter. Columbia Trust Co 01012016 increased its position in shares of Walt Disney by 19.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 18,024 shares of the entertainment giant’s stock worth $1,627,000 after acquiring an additional 2,920 shares in the last quarter. Hilltop Wealth Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $219,000. Cresta Advisors Ltd. increased its position in shares of Walt Disney by 38.5% in the fourth quarter. Cresta Advisors Ltd. now owns 4,320 shares of the entertainment giant’s stock worth $390,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Gemmer Asset Management LLC increased its position in shares of Walt Disney by 3.0% in the fourth quarter. Gemmer Asset Management LLC now owns 4,279 shares of the entertainment giant’s stock worth $386,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares in the company, valued at approximately $167,694.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DIS shares. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group lowered their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, Needham & Company LLC raised their price target on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.77.

Walt Disney Price Performance

NYSE DIS opened at $122.36 on Friday. The stock’s 50-day moving average price is $107.28 and its two-hundred day moving average price is $94.53. 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 company has a market cap of $224.44 billion, a PE ratio of 75.53, a PEG ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. On average, analysts predict that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is 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.