Obermeyer Wood Investment Counsel Lllp Has $1.07 Million Position in The Walt Disney Company (NYSE:DIS)

Obermeyer Wood Investment Counsel Lllp boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,834 shares of the entertainment giant’s stock after acquiring an additional 1,315 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Walt Disney were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Markel Corp boosted its holdings in Walt Disney by 2.3% in the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after acquiring an additional 42,500 shares during the last quarter. Fairfield Bush & CO. boosted its holdings in Walt Disney by 3.4% during the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after buying an additional 320 shares during the last quarter. United Bank lifted its holdings in shares of Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after purchasing an additional 794 shares in the last quarter. AMI Investment Management Inc. lifted its holdings in shares of Walt Disney by 4.6% during the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after purchasing an additional 4,722 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIS. Argus lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Raymond James lifted their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. Macquarie lifted their target price on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $124.54.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.51 on Thursday, hitting $112.43. The company’s stock had a trading volume of 7,619,584 shares, compared to its average volume of 12,137,087. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The stock’s 50 day moving average is $113.86 and its 200-day moving average is $98.25. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market capitalization of $206.23 billion, a PE ratio of 70.39, a PEG ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Walt Disney’s revenue was down .1% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate 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.