ICW Investment Advisors LLC acquired a new position in Walt Disney Co (NYSE:DIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 346 shares of the entertainment giant’s stock, valued at approximately $50,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JJJ Advisors Inc. increased its holdings in Walt Disney by 96.8% during the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after buying an additional 120 shares during the period. Garrett Wealth Advisory Group LLC purchased a new position in Walt Disney during the third quarter valued at approximately $36,000. Wealthcare Capital Management LLC increased its holdings in Walt Disney by 66.5% during the fourth quarter. Wealthcare Capital Management LLC now owns 333 shares of the entertainment giant’s stock valued at $48,000 after buying an additional 133 shares during the period. Price Wealth LLC increased its holdings in Walt Disney by 601.8% during the fourth quarter. Price Wealth LLC now owns 400 shares of the entertainment giant’s stock valued at $58,000 after buying an additional 343 shares during the period. Finally, Bourgeon Capital Management LLC acquired a new stake in Walt Disney in the third quarter valued at approximately $60,000. 64.25% of the stock is owned by institutional investors and hedge funds.
In other news, 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 directly owns 102,789 shares in the company, valued at $15,040,086.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 4,000 shares of Walt Disney stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $152.16, for a total transaction of $608,640.00. Following the sale, the executive vice president now owns 36,479 shares of the company’s stock, valued at $5,550,644.64. The disclosure for this sale can be found here. Insiders have sold 10,258 shares of company stock valued at $1,525,940 over the last quarter. Insiders own 0.31% of the company’s stock.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 4th. The entertainment giant reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.09. Walt Disney had a net margin of 13.81% and a return on equity of 10.23%. The business had revenue of $20.86 billion during the quarter, compared to the consensus estimate of $20.84 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The business’s revenue for the quarter was up 36.3% compared to the same quarter last year. Equities analysts forecast that Walt Disney Co will post 5.39 EPS for the current year.
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 1.2%. Walt Disney’s payout ratio is currently 30.50%.
Several equities research analysts have weighed in on DIS shares. Argus raised their target price on shares of Walt Disney from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Evercore ISI restated a “buy” rating and issued a $155.00 target price on shares of Walt Disney in a research note on Monday, November 11th. Consumer Edge started coverage on shares of Walt Disney in a research note on Monday, November 25th. They issued an “overweight” rating and a $175.00 target price for the company. BMO Capital Markets raised their target price on shares of Walt Disney from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, UBS Group raised their target price on shares of Walt Disney from $155.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $160.36.
About Walt Disney
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.
Featured Article: Inverted Yield Curve
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.