Clifford Swan Investment Counsel LLC Has $15.38 Million Position in The Walt Disney Company (NYSE:DIS)

Clifford Swan Investment Counsel LLC reduced its holdings in The Walt Disney Company (NYSE:DIS) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 170,375 shares of the entertainment giant’s stock after selling 6,302 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Walt Disney were worth $15,383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $26,000. Stone House Investment Management LLC grew its position in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $30,000. Evolution Advisers Inc. grew its position in shares of Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Walt Disney during the third quarter worth about $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Raymond James lifted their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Rosenblatt Securities lifted their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Guggenheim lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Trading Up 0.9 %

DIS stock traded up $1.04 during trading on Friday, hitting $113.66. The company had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $114.50 and a 200-day moving average price of $100.81. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The stock has a market cap of $208.49 billion, a price-to-earnings ratio of 70.16, a PEG ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping 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 firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 EPS. Walt Disney’s revenue was down .1% on a year-over-year basis. As a group, analysts predict that The Walt Disney Company will post 4.7 earnings per share for the current year.

Walt Disney Cuts Dividend

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

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.