Traveka Wealth LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Traveka Wealth LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,482 shares of the entertainment giant’s stock after buying an additional 231 shares during the period. Traveka Wealth LLC’s holdings in Walt Disney were worth $276,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC raised its stake in shares of Walt Disney by 778.4% in the fourth quarter. FNY Investment Advisers LLC now owns 1,300 shares of the entertainment giant’s stock valued at $144,000 after acquiring an additional 1,152 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Walt Disney by 19.0% during the 4th quarter. AdvisorNet Financial Inc now owns 6,426 shares of the entertainment giant’s stock worth $716,000 after purchasing an additional 1,024 shares during the period. Signet Financial Management LLC raised its position in Walt Disney by 40.2% in the 4th quarter. Signet Financial Management LLC now owns 2,965 shares of the entertainment giant’s stock valued at $330,000 after purchasing an additional 850 shares in the last quarter. Courier Capital LLC boosted its stake in shares of Walt Disney by 0.9% in the 4th quarter. Courier Capital LLC now owns 46,064 shares of the entertainment giant’s stock valued at $5,129,000 after buying an additional 401 shares during the period. Finally, Miracle Mile Advisors LLC grew its position in shares of Walt Disney by 152.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 95,751 shares of the entertainment giant’s stock worth $10,662,000 after buying an additional 57,788 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Rosenblatt Securities raised their target price on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Sanford C. Bernstein lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Bank of America increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.54.

Walt Disney Trading Down 0.5 %

NYSE:DIS opened at $108.08 on Tuesday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $111.36 and its 200-day simple moving average is $99.47. The firm has a market cap of $195.73 billion, a P/E ratio of 39.88, a PEG ratio of 2.03 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the previous year, the company posted $0.82 EPS. Walt Disney’s revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a $0.50 dividend. The ex-dividend date is Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred 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 sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.10% of the company’s stock.

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.