TriaGen Wealth Management LLC Purchases 515 Shares of The Walt Disney Company (NYSE:DIS)

TriaGen Wealth Management LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,748 shares of the entertainment giant’s stock after purchasing an additional 515 shares during the period. Walt Disney makes up approximately 1.1% of TriaGen Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. TriaGen Wealth Management LLC’s holdings in Walt Disney were worth $3,201,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Walt Disney by 291.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,240 shares of the entertainment giant’s stock worth $19,882,000 after buying an additional 149,140 shares in the last quarter. Czech National Bank lifted its holdings in shares of Walt Disney by 6.3% in the third quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock worth $35,532,000 after buying an additional 21,998 shares in the last quarter. Farmers Trust Co. raised its stake in Walt Disney by 1.4% during the third quarter. Farmers Trust Co. now owns 8,391 shares of the entertainment giant’s stock valued at $807,000 after purchasing an additional 113 shares in the last quarter. CJM Wealth Advisers Ltd. purchased a new stake in Walt Disney during the third quarter valued at $216,000. Finally, Thrive Wealth Management LLC raised its stake in Walt Disney by 7.2% during the third quarter. Thrive Wealth Management LLC now owns 4,115 shares of the entertainment giant’s stock valued at $396,000 after purchasing an additional 276 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $113.04 on Friday. The stock has a market capitalization of $204.43 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.02 and a beta of 1.43. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm’s 50 day simple moving average is $112.39 and its 200-day simple moving average is $100.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DIS. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities upped their price target on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC upped their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group assumed coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now 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. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 in the last 90 days. 0.16% of the stock is owned by insiders.

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.