Centerline Wealth Advisors LLC Purchases New Shares in The Walt Disney Company (NYSE:DIS)

Centerline Wealth Advisors LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,236 shares of the entertainment giant’s stock, valued at approximately $249,000.

Several other large investors have also added to or reduced their stakes in the stock. Tobam boosted its holdings in shares of Walt Disney by 9.6% during the 4th quarter. Tobam now owns 4,447 shares of the entertainment giant’s stock valued at $495,000 after buying an additional 389 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in shares of Walt Disney by 0.5% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 127,221 shares of the entertainment giant’s stock worth $14,166,000 after purchasing an additional 631 shares during the last quarter. Fairvoy Private Wealth LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $529,000. William Allan Corp raised its position in shares of Walt Disney by 1.3% in the 4th quarter. William Allan Corp now owns 32,922 shares of the entertainment giant’s stock worth $3,666,000 after purchasing an additional 426 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. raised its position in shares of Walt Disney by 60.0% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 4,800 shares of the entertainment giant’s stock worth $534,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a legal 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 that occurred 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 transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. 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. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DIS shares. Guggenheim lifted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Rosenblatt Securities boosted their target price on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. TD Cowen boosted their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six 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 company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Trading Up 1.5 %

DIS stock opened at $112.15 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market capitalization of $202.82 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 2.02 and a beta of 1.42. The business has a 50 day simple moving average of $112.11 and a two-hundred day simple moving average of $100.99.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Research analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

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.