Edge Capital Group LLC Has $529,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Edge Capital Group LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,751 shares of the entertainment giant’s stock after selling 470 shares during the quarter. Edge Capital Group LLC’s holdings in Walt Disney were worth $529,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DIS. IFP Advisors Inc lifted its holdings in shares of Walt Disney by 83.2% in the fourth quarter. IFP Advisors Inc now owns 39,427 shares of the entertainment giant’s stock worth $4,390,000 after acquiring an additional 17,910 shares during the last quarter. WealthShield Partners LLC acquired a new position in Walt Disney during the 4th quarter worth approximately $212,000. Cannon Wealth Management Services LLC lifted its stake in Walt Disney by 6.2% in the 4th quarter. Cannon Wealth Management Services LLC now owns 2,279 shares of the entertainment giant’s stock valued at $260,000 after purchasing an additional 133 shares during the last quarter. Conscious Wealth Investments LLC boosted its position 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 valued at $678,000 after buying an additional 1,360 shares in the last quarter. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $34,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 2.3 %

Shares of NYSE DIS opened at $111.18 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $200.99 billion, a PE ratio of 36.22, a P/E/G ratio of 1.80 and a beta of 1.42. The company’s fifty day simple moving average is $110.68 and its 200 day simple moving average is $102.75. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio is presently 32.57%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DIS. Citigroup reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Jefferies Financial Group began coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. TD Cowen boosted their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.44.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were 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 approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

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.