Wealthcare Capital Partners LLC Buys New Position in The Walt Disney Company (NYSE:DIS)

Wealthcare Capital Partners LLC bought a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,463 shares of the entertainment giant’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Planning Group LLC boosted its position in shares of Walt Disney by 17.5% during the 3rd quarter. Retirement Planning Group LLC now owns 4,241 shares of the entertainment giant’s stock valued at $408,000 after purchasing an additional 632 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Walt Disney by 38.3% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,591 shares of the entertainment giant’s stock valued at $249,000 after purchasing an additional 718 shares in the last quarter. Smith Chas P & Associates PA Cpas boosted its position in shares of Walt Disney by 2.9% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 5,476 shares of the entertainment giant’s stock valued at $527,000 after purchasing an additional 156 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Walt Disney by 8.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock valued at $348,000 after purchasing an additional 270 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in shares of Walt Disney by 178.7% during the 3rd quarter. Grove Bank & Trust now owns 16,844 shares of the entertainment giant’s stock valued at $1,620,000 after purchasing an additional 10,800 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $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. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 1.5 %

Shares of NYSE:DIS opened at $109.23 on Tuesday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company’s 50-day moving average price is $111.87 and its two-hundred day moving average price is $101.26. 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 firm has a market cap of $197.47 billion, a P/E ratio of 35.58, a P/E/G ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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 net margin of 6.07% and a return on equity of 9.95%. As a group, research analysts forecast that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a $0.50 dividend. This represents a dividend yield of 0.6%. This is an increase 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 (DPR) is currently 32.57%.

Analysts Set New Price Targets

A number of research firms have commented on DIS. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Guggenheim upped their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Six 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. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target 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.