3,431 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Sierra Ocean LLC

Sierra Ocean LLC purchased a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,431 shares of the entertainment giant’s stock, valued at approximately $382,000.

Other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its stake in 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Walt Disney by 1.1% during the third 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 fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Summit Global Investments raised its holdings in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in Walt Disney during the fourth quarter worth approximately $15,125,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.7 %

NYSE:DIS opened at $110.31 on Monday. The stock has a fifty day moving average price of $111.14 and a two-hundred day moving average price of $101.85. The stock has a market capitalization of $199.42 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.43 earnings per share 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. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. 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 report on Monday, November 18th. TD Cowen lifted their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Buying and Selling at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.16% of the company’s stock.

Walt Disney Company 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.