Patriot Investment Management Group Inc. Makes New $209,000 Investment in The Walt Disney Company (NYSE:DIS)

Patriot Investment Management Group Inc. bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,874 shares of the entertainment giant’s stock, valued at approximately $209,000.

Other institutional investors also recently modified their holdings of the company. Farmers Trust Co. grew its stake in Walt Disney by 1.1% in the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after purchasing an additional 92 shares during the period. Saxon Interests Inc. grew its position in Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 93 shares during the period. Smithfield Trust Co increased its holdings in Walt Disney by 0.5% during the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock worth $1,809,000 after buying an additional 102 shares during the last quarter. Drucker Wealth 3.0 LLC raised its position in Walt Disney by 0.9% in the third quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock worth $1,121,000 after acquiring an additional 106 shares during the period. Finally, Connable Office Inc. grew its position in shares of Walt Disney by 0.3% during the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock valued at $3,371,000 after acquiring an additional 108 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.1 %

Shares of NYSE DIS opened at $112.25 on Friday. The business has a 50-day moving average of $112.52 and a 200-day moving average of $99.98. The firm has a market capitalization of $203.28 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.41 earnings per share 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. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 36.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DIS. Evercore ISI lifted their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday. Macquarie reaffirmed a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.52.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the business’s 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by corporate insiders.

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.