The Walt Disney Company (NYSE:DIS) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 9.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,653 shares of the entertainment giant’s stock after buying an additional 5,030 shares during the period. Avior Wealth Management LLC’s holdings in Walt Disney were worth $6,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the 2nd quarter valued at approximately $32,000. Friedenthal Financial purchased a new position in shares of Walt Disney during the fourth quarter worth $49,000. First PREMIER Bank boosted its holdings in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Walt Disney during the 4th quarter worth about $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Walt Disney during the 3rd quarter valued at about $51,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Needham & Company LLC raised their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Citigroup reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Stock Up 0.1 %

DIS stock opened at $108.86 on Thursday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The firm has a market cap of $197.14 billion, a PE ratio of 40.17, a PEG ratio of 1.94 and a beta of 1.43. The firm’s 50 day moving average price is $112.48 and its 200-day moving average price is $99.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. On average, equities 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 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%.

Insider Activity

In related 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 transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. 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.