Pinnacle Wealth Management Advisory Group LLC Has $3.27 Million Stake in The Walt Disney Company (NYSE:DIS)

Pinnacle Wealth Management Advisory Group LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 20.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,405 shares of the entertainment giant’s stock after selling 7,706 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Walt Disney were worth $3,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after purchasing an additional 490,681 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 acquiring an additional 1,393,082 shares in the last quarter. FMR LLC raised its stake in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Walt Disney by 3.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock worth $1,332,297,000 after acquiring an additional 454,678 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $110.31 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock has a market cap of $199.42 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The business’s 50-day simple moving average is $111.14 and its 200 day simple moving average is $101.78.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, research analysts anticipate that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

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

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Evercore ISI increased their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Citigroup reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $125.85.

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.