SilverOak Wealth Management LLC Invests $218,000 in The Walt Disney Company (NYSE:DIS)

SilverOak Wealth Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,961 shares of the entertainment giant’s stock, valued at approximately $218,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. OLD National Bancorp IN grew its position in Walt Disney by 13.7% during the third quarter. OLD National Bancorp IN now owns 14,612 shares of the entertainment giant’s stock valued at $1,406,000 after purchasing an additional 1,758 shares in the last quarter. Vest Financial LLC grew its position in shares of Walt Disney by 200.6% in the third quarter. Vest Financial LLC now owns 6,554 shares of the entertainment giant’s stock valued at $630,000 after purchasing an additional 4,374 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Walt Disney by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock worth $10,377,000 after buying an additional 4,878 shares during the last quarter. Ledyard National Bank boosted its holdings in Walt Disney by 3.9% in the 3rd quarter. Ledyard National Bank now owns 6,300 shares of the entertainment giant’s stock valued at $606,000 after purchasing an additional 235 shares during the period. Finally, Telos Capital Management Inc. grew its position in Walt Disney by 3.0% during the third quarter. Telos Capital Management Inc. now owns 72,105 shares of the entertainment giant’s stock worth $6,936,000 after buying an additional 2,128 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. 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 objective on the stock. Prescient Securities lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Loop Capital lifted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Trading Down 0.8 %

Walt Disney stock opened at $109.48 on Wednesday. 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 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The firm’s 50 day moving average price is $110.95 and its 200-day moving average price is $102.13. The stock has a market cap of $197.91 billion, a P/E ratio of 35.66, a PEG ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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, equities analysts predict that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is 32.57%.

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.