Private Wealth Management Group LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Private Wealth Management Group LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 181.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,169 shares of the entertainment giant’s stock after purchasing an additional 1,399 shares during the quarter. Private Wealth Management Group LLC’s holdings in Walt Disney were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Farmers Trust Co. grew its holdings in Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after acquiring an additional 92 shares during the period. Saxon Interests Inc. raised its position in shares of Walt Disney by 2.8% during the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after purchasing an additional 93 shares during the last quarter. Abundance Wealth Counselors lifted its position in shares of Walt Disney by 1.0% in the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock valued at $1,076,000 after acquiring an additional 94 shares in the last quarter. Bank Hapoalim BM boosted its stake in shares of Walt Disney by 2.2% during the 4th quarter. Bank Hapoalim BM now owns 4,539 shares of the entertainment giant’s stock worth $505,000 after purchasing an additional 96 shares during the last quarter. Finally, Great Diamond Partners LLC grew its stake in Walt Disney by 1.6% in the 4th quarter. Great Diamond Partners LLC now owns 6,105 shares of the entertainment giant’s stock worth $680,000 after acquiring an additional 98 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Evercore ISI boosted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Sanford C. Bernstein boosted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note 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. Bank of America upped 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. Finally, Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen 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 a consensus rating of “Moderate Buy” and an average price target of $125.65.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction 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 directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 2.6 %

DIS stock opened at $110.41 on Thursday. The business has a 50 day moving average of $112.26 and a 200 day moving average of $100.89. The firm has a market cap of $199.67 billion, a PE ratio of 40.74, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. On average, research analysts forecast that The Walt Disney Company will post 5.41 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. Shareholders of record on Monday, December 16th were given 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 positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

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.