3,431 Shares in The Walt Disney Company (NYSE:DIS) Purchased by Sierra Ocean LLC

Sierra Ocean LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, Holdings Channel.com reports. The firm bought 3,431 shares of the entertainment giant’s stock, valued at approximately $382,000.

Other large investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisors LLC raised its holdings in shares of Walt Disney by 2.7% in the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock worth $386,000 after purchasing an additional 92 shares during the period. Opes Wealth Management LLC raised its holdings in shares of Walt Disney by 21.9% during the 4th quarter. Opes Wealth Management LLC now owns 3,479 shares of the entertainment giant’s stock valued at $387,000 after buying an additional 626 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Walt Disney by 15.1% during the 4th quarter. Valmark Advisers Inc. now owns 12,007 shares of the entertainment giant’s stock valued at $1,337,000 after buying an additional 1,572 shares during the period. Blue Zone Wealth Advisors LLC raised its holdings in shares of Walt Disney by 2.7% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 42,149 shares of the entertainment giant’s stock valued at $4,693,000 after buying an additional 1,101 shares during the period. Finally, Palouse Capital Management Inc. raised its holdings in shares of Walt Disney by 58.6% during the 4th quarter. Palouse Capital Management Inc. now owns 20,779 shares of the entertainment giant’s stock valued at $2,314,000 after buying an additional 7,675 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 8,000 shares of the business’s 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 in the company, valued at $5,054,870.70. This represents a 15.37 % 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. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 0.7 %

Shares of Walt Disney stock opened at $110.31 on Monday. The business’s fifty day moving average price is $111.14 and its two-hundred day moving average price is $101.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The company has a market capitalization of $199.42 billion, a P/E ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, research analysts forecast that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 32.57%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Sanford C. Bernstein raised their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. 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 note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.85.

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.