David Wealth Management LLC Acquires New Holdings in The Walt Disney Company (NYSE:DIS)

David Wealth Management LLC bought a new position in The Walt Disney Company (NYSE:DIS) during the 4th quarter, HoldingsChannel reports. The firm bought 4,334 shares of the entertainment giant’s stock, valued at approximately $483,000. Walt Disney accounts for 0.4% of David Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Concurrent Investment Advisors LLC increased its holdings in shares of Walt Disney by 8.4% in the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after acquiring an additional 5,184 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Walt Disney by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after purchasing an additional 114,701 shares in the last quarter. Brookstone Capital Management raised its holdings in Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after buying an additional 13,339 shares during the period. Summit Global Investments lifted its stake in Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $15,125,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were 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 owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last three months. 0.16% of the stock is currently owned by insiders.

Walt Disney Stock Performance

Shares of DIS opened at $109.01 on Wednesday. The firm’s fifty day simple moving average is $111.71 and its two-hundred day simple moving average is $101.39. 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 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $197.06 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, analysts predict that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DIS shares. TD Cowen raised their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Wells Fargo & Company boosted their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.