Proficio Capital Partners LLC Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Proficio Capital Partners LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 4,496.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 680,275 shares of the entertainment giant’s stock after buying an additional 665,476 shares during the period. Proficio Capital Partners LLC’s holdings in Walt Disney were worth $75,749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC lifted its stake in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. FMR LLC grew its holdings in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Van ECK Associates Corp lifted its position in Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after buying an additional 2,298,921 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Walt Disney by 112.0% in the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after buying an additional 2,188,610 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.44.

Walt Disney Stock Down 0.5 %

DIS opened at $111.26 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a market capitalization of $201.13 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The business has a 50-day moving average of $110.64 and a two-hundred day moving average of $103.16.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders 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 dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is presently 32.57%.

Insider Transactions at Walt Disney

In other news, 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

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.