Burt Wealth Advisors Has $380,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Burt Wealth Advisors decreased its holdings in The Walt Disney Company (NYSE:DIS) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,410 shares of the entertainment giant’s stock after selling 194 shares during the period. Burt Wealth Advisors’ holdings in Walt Disney were worth $380,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC raised its stake in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. FMR LLC increased its position in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock worth $398,508,000 after buying an additional 2,188,610 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 1.0 %

Shares of NYSE:DIS opened at $112.69 on Tuesday. 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 Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The business’s 50 day simple moving average is $110.70 and its two-hundred day simple moving average is $103.66. The firm has a market cap of $203.72 billion, a P/E ratio of 36.71, a PEG ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly 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%. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 32.57%.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DIS shares. Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus 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.