Nicholas Hoffman & Company LLC. Has $1.17 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Nicholas Hoffman & Company LLC. increased its position in The Walt Disney Company (NYSE:DIS) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,459 shares of the entertainment giant’s stock after buying an additional 191 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Walt Disney were worth $1,165,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $35,000. Hager Investment Management Services LLC bought a new position in shares of Walt Disney in the fourth quarter valued at $43,000. Cedar Mountain Advisors LLC grew its holdings in shares of Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Walt Disney during the fourth quarter worth about $49,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth about $50,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DIS. Guggenheim boosted their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Evercore ISI increased their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company increased their price objective on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Stock Up 0.7 %

Shares of NYSE:DIS opened at $110.31 on Monday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a market cap of $199.42 billion, a PE ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The stock’s 50-day moving average is $111.14 and its 200 day moving average is $101.85.

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

Walt Disney Increases Dividend

The company 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 represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is presently 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.