2,143 Shares in The Walt Disney Company (NYSE:DIS) Bought by Edge Financial Advisors LLC

Edge Financial Advisors LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 2,143 shares of the entertainment giant’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. William B. Walkup & Associates Inc. purchased a new position in Walt Disney in the second quarter valued at approximately $32,000. Friedenthal Financial bought a new position in shares of Walt Disney during the 4th quarter worth $49,000. First PREMIER Bank increased its holdings in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Walt Disney in the 4th quarter valued at about $50,000. Finally, FSA Wealth Management LLC bought a new position in Walt Disney during the third quarter worth about $51,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DIS. Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Guggenheim increased their price target 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. Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Five equities research 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.52.

Walt Disney Stock Up 0.1 %

NYSE DIS opened at $108.86 on Thursday. The stock has a 50 day moving average price of $112.48 and a 200-day moving average price of $99.90. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a market capitalization of $197.14 billion, a P/E ratio of 40.17, a P/E/G ratio of 1.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. Walt Disney’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s 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 owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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 approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by company 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.