DORCHESTER WEALTH MANAGEMENT Co Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,588 shares of the entertainment giant’s stock after buying an additional 4,845 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Walt Disney were worth $4,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in Walt Disney during the 4th quarter valued at $28,000. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the 4th quarter valued at $35,000. Hager Investment Management Services LLC purchased a new stake in Walt Disney during the 4th quarter valued at $43,000. Cedar Mountain Advisors LLC raised its holdings in Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Finally, Friedenthal Financial purchased a new stake in Walt Disney during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock opened at $108.62 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The stock’s 50-day moving average is $110.70 and its 200 day moving average is $102.49. The company has a market cap of $196.37 billion, a P/E ratio of 35.38, a PEG ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is presently 32.57%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated 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 approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on DIS shares. Evercore ISI increased their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company upped 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. Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.44.

About Walt Disney

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.