Catalyst Financial Partners LLC Acquires 669 Shares of The Walt Disney Company (NYSE:DIS)

Catalyst Financial Partners LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,708 shares of the entertainment giant’s stock after buying an additional 669 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Walt Disney were worth $636,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bay Harbor Wealth Management LLC bought a new stake in Walt Disney in the fourth quarter valued at approximately $35,000. Hager Investment Management Services LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $43,000. Cedar Mountain Advisors LLC raised its stake in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after buying an additional 110 shares during the last quarter. Friedenthal Financial acquired a new stake in Walt Disney during the fourth quarter worth approximately $49,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at $50,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DIS shares. Guggenheim increased their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Loop Capital boosted their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie restated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Stock Performance

NYSE:DIS opened at $109.56 on Friday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The business’s fifty day moving average is $111.41 and its 200 day moving average is $101.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a market cap of $198.06 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Research analysts predict that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is currently 32.57%.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction 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 in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated 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 owns 226,767 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 in the last three months. Company insiders own 0.16% of the company’s stock.

Walt Disney 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.