Cannon Wealth Management Services LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Cannon Wealth Management Services LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,279 shares of the entertainment giant’s stock after purchasing an additional 133 shares during the quarter. Cannon Wealth Management Services LLC’s holdings in Walt Disney were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Conscious Wealth Investments LLC grew its holdings in Walt Disney by 27.3% in the fourth quarter. Conscious Wealth Investments LLC now owns 6,338 shares of the entertainment giant’s stock worth $678,000 after purchasing an additional 1,360 shares during the period. Midwest Capital Advisors LLC bought a new position in Walt Disney during the fourth quarter valued at approximately $34,000. Colonial River Investments LLC bought a new position in Walt Disney during the fourth quarter valued at approximately $253,000. Y Intercept Hong Kong Ltd purchased a new stake in Walt Disney during the fourth quarter valued at approximately $2,705,000. Finally, Partners Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $295,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.7 %

NYSE DIS opened at $108.62 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $196.37 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company’s 50-day simple moving average is $110.70 and its two-hundred day simple moving average is $102.58. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results 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%. Equities analysts forecast that The Walt Disney Company will post 5.47 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 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. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DIS. Evercore ISI upped their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Bank of America raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Finally, Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.44.

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.