Atlantic Edge Private Wealth Management LLC Buys 185 Shares of The Walt Disney Company (NYSE:DIS)

Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,233 shares of the entertainment giant’s stock after purchasing an additional 185 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Walt Disney were worth $1,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Planning Group LLC increased its stake in Walt Disney by 17.5% in the 3rd quarter. Retirement Planning Group LLC now owns 4,241 shares of the entertainment giant’s stock worth $408,000 after buying an additional 632 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Walt Disney by 38.3% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,591 shares of the entertainment giant’s stock valued at $249,000 after buying an additional 718 shares in the last quarter. Smith Chas P & Associates PA Cpas boosted its holdings in shares of Walt Disney by 2.9% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 5,476 shares of the entertainment giant’s stock valued at $527,000 after buying an additional 156 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Walt Disney by 8.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock valued at $348,000 after buying an additional 270 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in Walt Disney by 178.7% in the 3rd quarter. Grove Bank & Trust now owns 16,844 shares of the entertainment giant’s stock worth $1,620,000 after purchasing an additional 10,800 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on DIS shares. Macquarie reissued a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Evercore ISI lifted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Loop Capital lifted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday. Finally, Citigroup reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.85.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction 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 completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last three months. Insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $109.23 on Tuesday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The stock has a market capitalization of $197.47 billion, a PE ratio of 35.58, a P/E/G ratio of 1.95 and a beta of 1.42. The stock has a 50-day simple moving average of $111.87 and a 200 day simple moving average of $101.26.

Walt Disney (NYSE:DIS) last posted 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 return on equity of 9.95% and a net margin of 6.07%. Research analysts anticipate that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

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.