JGP Wealth Management LLC Purchases Shares of 1,878 The Walt Disney Company (NYSE:DIS)

JGP Wealth Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,878 shares of the entertainment giant’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. Edgestream Partners L.P. grew its position in Walt Disney by 67.3% in the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after acquiring an additional 2,610 shares in the last quarter. MQS Management LLC bought a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $479,000. Intech Investment Management LLC boosted its holdings in shares of Walt Disney by 38.1% in the 2nd quarter. Intech Investment Management LLC now owns 184,004 shares of the entertainment giant’s stock worth $18,270,000 after purchasing an additional 50,759 shares during the period. Brighton Jones LLC raised its holdings in Walt Disney by 6.8% during the 2nd quarter. Brighton Jones LLC now owns 28,076 shares of the entertainment giant’s stock valued at $2,788,000 after buying an additional 1,778 shares during the period. Finally, Ieq Capital LLC raised its holdings in Walt Disney by 1.6% during the 2nd quarter. Ieq Capital LLC now owns 179,075 shares of the entertainment giant’s stock valued at $17,780,000 after buying an additional 2,779 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DIS shares. 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. Evercore ISI raised their price objective 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. Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Trading Up 0.6 %

Shares of NYSE DIS opened at $107.07 on Friday. The business has a fifty day moving average price of $111.92 and a 200 day moving average price of $99.62. 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 stock has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43.

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

Walt Disney Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is presently 36.90%.

Insider Activity

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents 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 company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. 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.