LGT Fund Management Co Ltd. Has $756,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

LGT Fund Management Co Ltd. boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 130.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,792 shares of the entertainment giant’s stock after purchasing an additional 3,841 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Walt Disney were worth $756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. F M Investments LLC bought a new position in shares of Walt Disney in the 3rd quarter valued at about $446,000. Janney Capital Management LLC raised its stake in shares of Walt Disney by 4.8% in the 3rd quarter. Janney Capital Management LLC now owns 3,405 shares of the entertainment giant’s stock valued at $328,000 after purchasing an additional 157 shares during the period. Pure Financial Advisors LLC lifted its stake in Walt Disney by 4.1% in the 3rd quarter. Pure Financial Advisors LLC now owns 11,585 shares of the entertainment giant’s stock valued at $1,114,000 after acquiring an additional 457 shares in the last quarter. Opes Wealth Management LLC lifted its position in shares of Walt Disney by 20.0% in the third quarter. Opes Wealth Management LLC now owns 2,853 shares of the entertainment giant’s stock worth $274,000 after purchasing an additional 475 shares in the last quarter. Finally, Forum Financial Management LP grew its holdings in shares of Walt Disney by 3.3% in the 3rd quarter. Forum Financial Management LP now owns 24,438 shares of the entertainment giant’s stock valued at $2,351,000 after acquiring an additional 787 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of the 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 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 represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company’s stock.

Walt Disney Trading Down 1.0 %

NYSE:DIS opened at $112.69 on Tuesday. The company has a fifty day moving average of $110.70 and a 200 day moving average of $103.66. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a market capitalization of $203.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 1.80 and a beta of 1.42. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, research analysts predict 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 given 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 payout ratio is presently 32.57%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DIS shares. Prescient Securities lowered their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Sanford C. Bernstein boosted their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Finally, TD Cowen upped their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.44.

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.