Cacti Asset Management LLC Has $60.37 Million Position in The Walt Disney Company (NYSE:DIS)

Cacti Asset Management LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 544,813 shares of the entertainment giant’s stock after acquiring an additional 12,170 shares during the quarter. Walt Disney comprises approximately 4.6% of Cacti Asset Management LLC’s holdings, making the stock its 8th largest position. Cacti Asset Management LLC’s holdings in Walt Disney were worth $60,365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter worth about $32,000. Mascoma Wealth Management LLC increased its position in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. First PREMIER Bank increased its holdings in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. FSA Wealth Management LLC bought a new position in Walt Disney during the third quarter valued at about $51,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walt Disney during the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Macquarie upped their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised 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. Rosenblatt Securities raised 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. Finally, Needham & Company LLC increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.58.

Walt Disney Price Performance

DIS stock traded down $0.01 during mid-day trading on Thursday, hitting $111.34. The stock had a trading volume of 1,899,733 shares, compared to its average volume of 10,703,737. The firm has a fifty day simple moving average of $109.06 and a 200 day simple moving average of $99.01. The firm has a market capitalization of $201.63 billion, a P/E ratio of 41.08, a P/E/G ratio of 2.05 and a beta of 1.42. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be given a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 36.90%.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. 0.10% of the stock is owned by insiders.

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.