Capital Asset Advisory Services LLC Has $4.54 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Capital Asset Advisory Services LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,795 shares of the entertainment giant’s stock after purchasing an additional 809 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Walt Disney were worth $4,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its stake in Walt Disney by 12.3% in the 4th quarter. Blue Trust Inc. now owns 21,350 shares of the entertainment giant’s stock valued at $2,377,000 after acquiring an additional 2,346 shares in the last quarter. Strategic Investment Advisors MI bought a new stake in Walt Disney in the 4th quarter valued at approximately $382,000. Narwhal Capital Management lifted its stake in Walt Disney by 8.7% in the 4th quarter. Narwhal Capital Management now owns 38,992 shares of the entertainment giant’s stock valued at $4,342,000 after acquiring an additional 3,112 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Walt Disney by 5.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 18,129 shares of the entertainment giant’s stock valued at $2,019,000 after acquiring an additional 923 shares in the last quarter. Finally, High Net Worth Advisory Group LLC lifted its stake in Walt Disney by 48.4% in the 4th quarter. High Net Worth Advisory Group LLC now owns 7,102 shares of the entertainment giant’s stock valued at $791,000 after acquiring an additional 2,315 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 1.1 %

Shares of NYSE:DIS opened at $112.25 on Monday. The company has a market capitalization of $203.28 billion, a P/E ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The business’s 50 day simple moving average is $112.46 and its 200 day simple moving average is $100.08.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 5.41 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is presently 36.90%.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Rosenblatt Securities boosted their target price on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Bank of America upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Guggenheim upped their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $125.52.

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.