World Equity Group Inc. Purchases 2,131 Shares of The Walt Disney Company (NYSE:DIS)

World Equity Group Inc. boosted its position in The Walt Disney Company (NYSE:DIS) by 37.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,778 shares of the entertainment giant’s stock after purchasing an additional 2,131 shares during the period. World Equity Group Inc.’s holdings in Walt Disney were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Farmers Trust Co. lifted its stake in shares of Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after acquiring an additional 92 shares during the last quarter. Pathway Financial Advisors LLC boosted its stake in shares of Walt Disney by 2.7% during the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock valued at $386,000 after purchasing an additional 92 shares during the period. Prossimo Advisors LLC grew its holdings in shares of Walt Disney by 1.1% in the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock worth $972,000 after purchasing an additional 92 shares during the last quarter. Saxon Interests Inc. increased its stake in Walt Disney by 2.8% in the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after buying an additional 93 shares during the period. Finally, Abundance Wealth Counselors lifted its holdings in Walt Disney by 1.0% during the 4th quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock valued at $1,076,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.7 %

Shares of Walt Disney stock opened at $108.62 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm’s 50 day simple moving average is $110.70 and its two-hundred day simple moving average is $102.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $196.37 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. Analysts predict that The Walt Disney Company will post 5.47 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. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the firm’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 directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on DIS shares. Wells Fargo & Company upped their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Sanford C. Bernstein raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Loop Capital raised their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.44.

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.