1,871 Shares in The Walt Disney Company (NYSE:DIS) Bought by TruWealth Advisors LLC

TruWealth Advisors LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,871 shares of the entertainment giant’s stock, valued at approximately $208,000.

Several other large investors have also recently made changes to their positions in the business. Edgestream Partners L.P. increased its stake in shares of Walt Disney by 67.3% during the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after purchasing an additional 2,610 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Walt Disney by 53.8% in the second quarter. Canada Pension Plan Investment Board now owns 1,095,269 shares of the entertainment giant’s stock worth $108,749,000 after buying an additional 383,148 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Walt Disney by 4.7% in the second quarter. Pacer Advisors Inc. now owns 129,687 shares of the entertainment giant’s stock valued at $12,877,000 after buying an additional 5,772 shares during the period. Sei Investments Co. lifted its position in shares of Walt Disney by 7.8% during the 2nd quarter. Sei Investments Co. now owns 642,126 shares of the entertainment giant’s stock valued at $63,760,000 after buying an additional 46,620 shares during the last quarter. Finally, Boston Research & Management Inc. increased its holdings in Walt Disney by 3.7% in the 2nd quarter. Boston Research & Management Inc. now owns 47,479 shares of the entertainment giant’s stock worth $4,714,000 after acquiring an additional 1,690 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.6 %

Shares of DIS opened at $107.07 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. 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 stock has a 50 day simple moving average of $112.08 and a two-hundred day simple moving average of $99.67. The firm has a market cap of $193.90 billion, a P/E ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its 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 company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. On average, analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on DIS shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Needham & Company LLC lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley increased their target price on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Guggenheim boosted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.54.

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.