1,878 Shares in The Walt Disney Company (NYSE:DIS) Purchased by JGP Wealth Management LLC

JGP Wealth Management LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,878 shares of the entertainment giant’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Ritholtz Wealth Management raised its position in shares of Walt Disney by 5.5% in the fourth quarter. Ritholtz Wealth Management now owns 23,077 shares of the entertainment giant’s stock worth $2,570,000 after acquiring an additional 1,195 shares during the period. Gateway Investment Advisers LLC raised its holdings in Walt Disney by 0.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 464,003 shares of the entertainment giant’s stock worth $51,667,000 after purchasing an additional 2,019 shares during the period. Towerpoint Wealth LLC purchased a new position in Walt Disney during the fourth quarter worth approximately $230,000. Winch Advisory Services LLC grew its holdings in Walt Disney by 1.8% in the fourth quarter. Winch Advisory Services LLC now owns 18,489 shares of the entertainment giant’s stock valued at $2,059,000 after purchasing an additional 325 shares during the period. Finally, RMR Wealth Builders increased its position in shares of Walt Disney by 3.0% in the fourth quarter. RMR Wealth Builders now owns 7,356 shares of the entertainment giant’s stock valued at $819,000 after buying an additional 215 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.6 %

DIS opened at $107.07 on Friday. The stock has a market capitalization of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The business’s 50 day moving average price is $111.92 and its 200 day moving average price is $99.62.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, equities research analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given 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 dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research analyst reports. Rosenblatt Securities lifted their price target on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Bank of America lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Loop Capital upped their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Evercore ISI raised their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction 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 sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.10% 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.