The Walt Disney Company (NYSE:DIS) Shares Purchased by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 18.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,241 shares of the entertainment giant’s stock after purchasing an additional 4,318 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Walt Disney were worth $3,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Prasad Wealth Partners LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $207,000. BankPlus Trust Department acquired a new stake in Walt Disney in the 4th quarter worth about $1,578,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in Walt Disney during the 4th quarter worth approximately $224,000. IFP Advisors Inc increased its stake in Walt Disney by 83.2% during the 4th quarter. IFP Advisors Inc now owns 39,427 shares of the entertainment giant’s stock worth $4,390,000 after buying an additional 17,910 shares in the last quarter. Finally, WealthShield Partners LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $212,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DIS. Bank of America lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. 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 report on Friday, November 15th. Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, TD Cowen upped their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $125.44.

Walt Disney Stock Up 2.3 %

Shares of DIS opened at $111.18 on Tuesday. The company’s 50-day moving average price is $110.68 and its 200 day moving average price is $102.75. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. 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 cap of $200.99 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a 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 dividend payout ratio is 32.57%.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by insiders.

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.