Partnership Wealth Management LLC Increases Position in The Walt Disney Company (NYSE:DIS)

Partnership Wealth Management LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,163 shares of the entertainment giant’s stock after purchasing an additional 420 shares during the quarter. Walt Disney comprises approximately 1.1% of Partnership Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Partnership Wealth Management LLC’s holdings in Walt Disney were worth $1,354,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Strategic Financial Concepts LLC boosted its holdings in Walt Disney by 7,637.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 225,788 shares of the entertainment giant’s stock valued at $224,000 after purchasing an additional 222,870 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Walt Disney by 132.1% in the second quarter. Acadian Asset Management LLC now owns 50,978 shares of the entertainment giant’s stock valued at $5,060,000 after acquiring an additional 29,010 shares during the last quarter. Quest Partners LLC grew its position in Walt Disney by 36,460.0% in the second quarter. Quest Partners LLC now owns 3,656 shares of the entertainment giant’s stock worth $363,000 after acquiring an additional 3,646 shares during the period. Liberty Wealth Management LLC increased its stake in Walt Disney by 142.4% during the second quarter. Liberty Wealth Management LLC now owns 16,885 shares of the entertainment giant’s stock worth $1,677,000 after acquiring an additional 9,918 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its position in Walt Disney by 1.6% in the second quarter. Royal London Asset Management Ltd. now owns 760,620 shares of the entertainment giant’s stock valued at $75,522,000 after purchasing an additional 11,796 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DIS. Wells Fargo & Company raised their price objective on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. TD Cowen lifted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Sanford C. Bernstein lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities boosted their target price on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.54.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last three months. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

NYSE DIS traded down $1.76 during trading on Wednesday, reaching $109.63. The company’s stock had a trading volume of 7,003,194 shares, compared to its average volume of 6,418,292. The business’s fifty day moving average price is $110.29 and its 200-day moving average price is $99.28. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market cap of $198.53 billion, a price-to-earnings ratio of 40.45, a P/E/G ratio of 2.05 and a beta of 1.43.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is 36.90%.

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.