Tufton Capital Management Has $7.17 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Tufton Capital Management reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 64,402 shares of the entertainment giant’s stock after selling 1,815 shares during the period. Tufton Capital Management’s holdings in Walt Disney were worth $7,171,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Valmark Advisers Inc. grew its stake in shares of Walt Disney by 10.3% during the third quarter. Valmark Advisers Inc. now owns 10,435 shares of the entertainment giant’s stock worth $1,004,000 after buying an additional 971 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Walt Disney by 9.2% during the third quarter. JFS Wealth Advisors LLC now owns 10,948 shares of the entertainment giant’s stock worth $1,053,000 after buying an additional 918 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in shares of Walt Disney by 1.1% during the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 83,152 shares of the entertainment giant’s stock worth $7,998,000 after buying an additional 936 shares during the last quarter. Goldstone Financial Group LLC bought a new stake in shares of Walt Disney during the third quarter worth $365,000. Finally, Tevis Investment Management grew its stake in shares of Walt Disney by 16.3% during the third quarter. Tevis Investment Management now owns 22,112 shares of the entertainment giant’s stock worth $2,127,000 after buying an additional 3,103 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Walt Disney Trading Down 0.5 %

Shares of DIS stock opened at $111.26 on Friday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a 50-day simple moving average of $110.64 and a two-hundred day simple moving average of $103.16. The company has a market capitalization of $201.13 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Finally, Jefferies Financial Group began coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.44.

Walt Disney Company 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.