Austin Private Wealth LLC Makes New $286,000 Investment in The Walt Disney Company (NYSE:DIS)

Austin Private Wealth LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,565 shares of the entertainment giant’s stock, valued at approximately $286,000.

Several other hedge funds also recently modified their holdings of the company. Czech National Bank increased its holdings in Walt Disney by 6.3% in the third quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock valued at $35,532,000 after purchasing an additional 21,998 shares during the period. Capital CS Group LLC grew its position in shares of Walt Disney by 20.0% in the 3rd quarter. Capital CS Group LLC now owns 3,063 shares of the entertainment giant’s stock valued at $295,000 after buying an additional 510 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Walt Disney by 1.8% in the third quarter. Handelsbanken Fonder AB now owns 620,885 shares of the entertainment giant’s stock valued at $59,723,000 after buying an additional 11,205 shares during the period. GAMMA Investing LLC raised its position in shares of Walt Disney by 14.2% during the third quarter. GAMMA Investing LLC now owns 19,675 shares of the entertainment giant’s stock worth $1,893,000 after acquiring an additional 2,443 shares during the last quarter. Finally, Herbst Group LLC lifted its stake in shares of Walt Disney by 0.6% in the third quarter. Herbst Group LLC now owns 23,048 shares of the entertainment giant’s stock worth $2,217,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DIS. Wells Fargo & Company raised their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.52.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by insiders.

Walt Disney Stock Performance

NYSE DIS opened at $113.04 on Friday. 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 company has a fifty day moving average price of $112.34 and a 200-day moving average price of $100.62. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm has a market cap of $204.43 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.02 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Walt Disney’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is presently 36.90%.

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.