True North Advisors LLC Acquires 139 Shares of The Walt Disney Company (NYSE:DIS)

True North Advisors LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,303 shares of the entertainment giant’s stock after buying an additional 139 shares during the period. True North Advisors LLC’s holdings in Walt Disney were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. bought a new position in Walt Disney in the 4th quarter worth approximately $215,000. GoalVest Advisory LLC raised its position in shares of Walt Disney by 29.6% during the fourth quarter. GoalVest Advisory LLC now owns 657 shares of the entertainment giant’s stock worth $73,000 after acquiring an additional 150 shares during the last quarter. Evolution Wealth Advisors LLC lifted its stake in shares of Walt Disney by 31.0% during the fourth quarter. Evolution Wealth Advisors LLC now owns 4,221 shares of the entertainment giant’s stock valued at $470,000 after acquiring an additional 1,000 shares during the period. Cetera Trust Company N.A boosted its holdings in Walt Disney by 4.8% in the fourth quarter. Cetera Trust Company N.A now owns 14,842 shares of the entertainment giant’s stock valued at $1,653,000 after acquiring an additional 675 shares during the last quarter. Finally, Magnus Financial Group LLC increased its position in Walt Disney by 3.7% in the fourth quarter. Magnus Financial Group LLC now owns 20,796 shares of the entertainment giant’s stock worth $2,316,000 after purchasing an additional 745 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DIS shares. TD Cowen upped their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Sanford C. Bernstein raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Guggenheim increased their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Stock Up 0.1 %

NYSE:DIS opened at $108.86 on Thursday. The company has a market cap of $197.14 billion, a PE ratio of 40.17, a PEG ratio of 1.94 and a beta of 1.43. The stock has a 50-day simple moving average of $112.35 and a 200 day simple moving average of $99.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. 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 issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, sell-side analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 in the last three months. Insiders own 0.10% of the company’s stock.

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.