Cypress Capital Group Lowers Position in The Walt Disney Company (NYSE:DIS)

Cypress Capital Group lessened its holdings in The Walt Disney Company (NYSE:DIS) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,808 shares of the entertainment giant’s stock after selling 1,655 shares during the period. Cypress Capital Group’s holdings in Walt Disney were worth $3,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc raised its position in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares in the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth $35,000. Finally, Hager Investment Management Services LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 3.5 %

NYSE DIS opened at $108.87 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $196.81 billion, a PE ratio of 35.46, a PEG ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business’s 50-day moving average is $110.63 and its 200 day moving average is $103.80.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.50 per share. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date is Tuesday, June 24th. Walt Disney’s payout ratio is presently 32.57%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Prescient Securities lowered their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Citigroup restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Bank of America raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Finally, Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred 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 sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

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.