Bouchey Financial Group Ltd Acquires New Position in Walt Disney Co (NYSE:DIS)

Bouchey Financial Group Ltd acquired a new stake in Walt Disney Co (NYSE:DIS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,574 shares of the entertainment giant’s stock, valued at approximately $228,000.

Several other hedge funds have also made changes to their positions in DIS. Kanawha Capital Management LLC boosted its stake in shares of Walt Disney by 1.6% during the 2nd quarter. Kanawha Capital Management LLC now owns 65,636 shares of the entertainment giant’s stock worth $9,165,000 after acquiring an additional 1,033 shares during the last quarter. Arjuna Capital boosted its stake in shares of Walt Disney by 0.8% during the 2nd quarter. Arjuna Capital now owns 14,976 shares of the entertainment giant’s stock worth $2,091,000 after acquiring an additional 119 shares during the last quarter. Bernardo Wealth Planning LLC boosted its stake in shares of Walt Disney by 5.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 4,541 shares of the entertainment giant’s stock worth $634,000 after acquiring an additional 242 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Walt Disney by 67.9% during the 2nd quarter. Victory Capital Management Inc. now owns 176,624 shares of the entertainment giant’s stock worth $24,664,000 after acquiring an additional 71,419 shares during the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new position in shares of Walt Disney during the 2nd quarter worth $16,325,000. Hedge funds and other institutional investors own 64.29% of the company’s stock.

DIS opened at $143.56 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.90. Walt Disney Co has a fifty-two week low of $107.32 and a fifty-two week high of $153.41. The firm’s fifty day moving average is $145.95 and its 200 day moving average is $139.75. The stock has a market cap of $260.55 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The company had revenue of $19.10 billion for the quarter, compared to analysts’ expectations of $19.02 billion. During the same quarter in the previous year, the company earned $1.48 EPS. Walt Disney’s revenue for the quarter was up 33.6% on a year-over-year basis. On average, equities research analysts predict that Walt Disney Co will post 5.34 earnings per share for the current year.

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.88 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 1.2%. Walt Disney’s dividend payout ratio is currently 30.50%.

Several research analysts have recently weighed in on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $175.00 price target on shares of Walt Disney in a research note on Thursday, January 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Deutsche Bank lifted their price target on shares of Walt Disney from $132.00 to $139.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. ValuEngine cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Credit Suisse Group set a $163.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $154.18.

In other Walt Disney news, EVP Alan N. Braverman sold 3,107 shares of Walt Disney stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $146.14, for a total value of $454,056.98. Following the sale, the executive vice president now directly owns 104,358 shares in the company, valued at approximately $15,250,878.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alan N. Braverman sold 1,113 shares of Walt Disney stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $146.32, for a total transaction of $162,854.16. Following the completion of the sale, the executive vice president now owns 102,789 shares in the company, valued at $15,040,086.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,837 shares of company stock worth $2,759,138. 0.36% of the stock is currently owned by insiders.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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