The Walt Disney Company (NYSE:DIS) Holdings Raised by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,805 shares of the entertainment giant’s stock after purchasing an additional 1,337 shares during the quarter. Walt Disney makes up about 2.1% of Lorne Steinberg Wealth Management Inc.’s holdings, making the stock its 18th biggest position. Lorne Steinberg Wealth Management Inc.’s holdings in Walt Disney were worth $7,216,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. State Street Corp increased its stake 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 purchasing an additional 490,681 shares during the last quarter. Geode Capital Management LLC increased its stake 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 purchasing an additional 1,393,082 shares during the last quarter. FMR LLC grew its stake in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares during the last quarter. Jennison Associates LLC grew its stake in Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Walt Disney by 3.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock valued at $1,332,297,000 after buying an additional 454,678 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction 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. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 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. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DIS shares. TD Cowen raised their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Jefferies Financial Group started coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Price Performance

NYSE:DIS opened at $109.48 on Wednesday. The company has a 50-day moving average of $110.95 and a 200-day moving average of $102.13. The company has a market capitalization of $197.91 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last released 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, equities research analysts anticipate that The Walt Disney Company will post 5.43 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. Investors of record on Monday, December 16th were issued 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 currently 32.57%.

Walt Disney Company Profile

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.