Baker Tilly Wealth Management LLC Purchases 1,046 Shares of The Walt Disney Company (NYSE:DIS)

Baker Tilly Wealth Management LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,804 shares of the entertainment giant’s stock after purchasing an additional 1,046 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Walt Disney were worth $1,648,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Fortitude Family Office LLC grew its stake in shares of Walt Disney by 4.9% in the 4th quarter. Fortitude Family Office LLC now owns 2,568 shares of the entertainment giant’s stock valued at $286,000 after purchasing an additional 119 shares during the period. Partnership Wealth Management LLC grew its position in Walt Disney by 3.6% in the fourth quarter. Partnership Wealth Management LLC now owns 12,163 shares of the entertainment giant’s stock valued at $1,354,000 after acquiring an additional 420 shares during the period. Legacy Private Trust Co. raised its stake in Walt Disney by 3.9% during the fourth quarter. Legacy Private Trust Co. now owns 14,712 shares of the entertainment giant’s stock worth $1,638,000 after acquiring an additional 555 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Walt Disney by 11.1% in the 4th quarter. First Hawaiian Bank now owns 42,962 shares of the entertainment giant’s stock worth $4,784,000 after purchasing an additional 4,308 shares during the last quarter. Finally, Farmers Trust Co. lifted its holdings in Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after purchasing an additional 92 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DIS shares. Bank of America lifted 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. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $147.00 in a report on Tuesday. Rosenblatt Securities lifted their price target on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Trading Down 1.4 %

DIS traded down $1.53 during mid-day trading on Friday, hitting $108.23. The stock had a trading volume of 2,419,126 shares, compared to its average volume of 5,859,689. 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 Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The stock’s fifty day simple moving average is $110.85 and its 200-day simple moving average is $99.40. The firm has a market capitalization of $196.00 billion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be 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 is Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is currently 36.90%.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Walt Disney Profile

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.