SeaBridge Investment Advisors LLC Acquires 2,810 Shares of The Walt Disney Company (NYSE:DIS)

SeaBridge Investment Advisors LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 105.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,465 shares of the entertainment giant’s stock after acquiring an additional 2,810 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Walt Disney were worth $609,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DIS. Dohj LLC boosted its stake in Walt Disney by 4.1% in the fourth quarter. Dohj LLC now owns 10,156 shares of the entertainment giant’s stock valued at $1,131,000 after acquiring an additional 397 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Walt Disney by 13.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 8,299 shares of the entertainment giant’s stock valued at $911,000 after purchasing an additional 970 shares in the last quarter. Waldron Private Wealth LLC increased its position in shares of Walt Disney by 2.8% in the fourth quarter. Waldron Private Wealth LLC now owns 9,932 shares of the entertainment giant’s stock worth $1,106,000 after purchasing an additional 270 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $209,000. Finally, Custom Index Systems LLC bought a new position in Walt Disney in the fourth quarter valued at $210,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Rosenblatt Securities upped their price target on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company upped their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Evercore ISI raised their price objective 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 equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.52.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 0.3 %

DIS stock opened at $113.04 on Friday. The company has a market capitalization of $204.43 billion, a PE ratio of 41.71, a P/E/G ratio of 2.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm’s 50-day moving average is $112.34 and its 200 day moving average is $100.62.

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

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 36.90%.

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.