A&I Financial Services LLC Purchases Shares of 2,877 The Walt Disney Company (NYSE:DIS)

A&I Financial Services LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,877 shares of the entertainment giant’s stock, valued at approximately $320,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its position in shares of Walt Disney by 0.6% during the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after acquiring an additional 490,681 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after acquiring an additional 1,393,082 shares in the last quarter. FMR LLC raised its position in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Jennison Associates LLC raised its position in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after acquiring an additional 2,300,912 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

In other 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 completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DIS. Loop Capital raised their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.44.

Walt Disney Stock Performance

Shares of DIS stock opened at $111.26 on Friday. The stock has a fifty day moving average price of $110.64 and a 200 day moving average price of $103.16. The stock has a market cap of $201.13 billion, a PE ratio of 36.24, a P/E/G ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s payout ratio is currently 32.57%.

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.