Fairhaven Wealth Management LLC Has $249,000 Position in The Walt Disney Company (NYSE:DIS)

Fairhaven Wealth Management LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,238 shares of the entertainment giant’s stock after selling 112 shares during the period. Fairhaven Wealth Management LLC’s holdings in Walt Disney were worth $249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hendley & Co. Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at $219,000. Sentry Investment Management LLC grew its stake in Walt Disney by 87.1% in the fourth quarter. Sentry Investment Management LLC now owns 7,219 shares of the entertainment giant’s stock valued at $804,000 after acquiring an additional 3,360 shares during the period. Wrapmanager Inc. increased its holdings in shares of Walt Disney by 14.0% in the fourth quarter. Wrapmanager Inc. now owns 6,291 shares of the entertainment giant’s stock worth $701,000 after acquiring an additional 774 shares in the last quarter. Transcendent Capital Group LLC raised its position in shares of Walt Disney by 93.2% during the fourth quarter. Transcendent Capital Group LLC now owns 1,451 shares of the entertainment giant’s stock worth $162,000 after purchasing an additional 700 shares during the period. Finally, Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Walt Disney by 18.8% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 27,241 shares of the entertainment giant’s stock valued at $3,037,000 after purchasing an additional 4,318 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on DIS shares. Deutsche Bank Aktiengesellschaft increased their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Finally, Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.44.

Walt Disney Trading Up 2.3 %

Walt Disney stock opened at $111.18 on Tuesday. The stock has a 50-day simple moving average of $110.68 and a 200 day simple moving average of $102.75. The stock has a market capitalization of $200.99 billion, a P/E ratio of 36.22, a PEG ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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%. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

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

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

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.