J.Safra Asset Management Corp Purchases 2,060 Shares of The Walt Disney Company (NYSE:DIS)

J.Safra Asset Management Corp raised its position in shares of The Walt Disney Company (NYSE:DIS) by 305.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,734 shares of the entertainment giant’s stock after acquiring an additional 2,060 shares during the period. J.Safra Asset Management Corp’s holdings in Walt Disney were worth $303,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. bought a new position in Walt Disney in the 4th quarter worth approximately $293,000. Victory Capital Management Inc. increased its position in Walt Disney by 12.0% during the fourth quarter. Victory Capital Management Inc. now owns 662,659 shares of the entertainment giant’s stock worth $73,787,000 after acquiring an additional 71,141 shares during the period. Jag Capital Management LLC increased its position in Walt Disney by 0.9% during the fourth quarter. Jag Capital Management LLC now owns 38,538 shares of the entertainment giant’s stock worth $4,291,000 after acquiring an additional 353 shares during the period. SWS Partners increased its position in Walt Disney by 1.1% during the fourth quarter. SWS Partners now owns 14,997 shares of the entertainment giant’s stock worth $1,677,000 after acquiring an additional 156 shares during the period. Finally, Synergy Investment Management LLC bought a new position in shares of Walt Disney during the 4th quarter worth about $717,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 3.5 %

Shares of DIS opened at $108.87 on Wednesday. The business’s fifty day moving average price is $110.63 and its two-hundred day moving average price is $103.80. The firm has a market capitalization of $196.81 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is currently 32.57%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Evercore ISI boosted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Walt Disney 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.