Fidelis Capital Partners LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Fidelis Capital Partners LLC raised its stake in The Walt Disney Company (NYSE:DIS) by 68.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,392 shares of the entertainment giant’s stock after purchasing an additional 4,621 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Walt Disney were worth $1,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. State Street Corp boosted its stake in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after buying an additional 490,681 shares in the last quarter. Geode Capital Management LLC raised its holdings in Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after purchasing an additional 1,393,082 shares during the last quarter. FMR LLC raised its holdings in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Jennison Associates LLC raised its holdings in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after acquiring an additional 2,300,912 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Prescient Securities lowered their price target 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. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $125.44.

Walt Disney Trading Down 1.0 %

Shares of NYSE DIS opened at $112.69 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $110.70 and its two-hundred day moving average price is $103.66. The stock has a market capitalization of $203.72 billion, a P/E ratio of 36.71, a PEG ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

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.