Life Planning Partners Inc Invests $2.54 Million in The Walt Disney Company (NYSE:DIS)

Life Planning Partners Inc bought a new stake in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,827 shares of the entertainment giant’s stock, valued at approximately $2,542,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its holdings in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. grew its position in Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after acquiring an additional 114,701 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Summit Global Investments lifted its position in shares of Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $15,125,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

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

Walt Disney Stock Up 0.3 %

Shares of NYSE DIS opened at $109.56 on Friday. The business has a 50-day moving average price of $111.41 and a 200 day moving average price of $101.67. The stock has a market cap of $198.06 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts forecast that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently disclosed 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 presently 32.57%.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

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.