The Walt Disney Company (NYSE:DIS) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 4,496.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 680,275 shares of the entertainment giant’s stock after acquiring an additional 665,476 shares during the period. Proficio Capital Partners LLC’s holdings in Walt Disney were worth $75,749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $35,000. Hager Investment Management Services LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $43,000. Finally, Cedar Mountain Advisors LLC increased its holdings in shares of Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 110 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Bank of America upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.44.

Walt Disney Trading Down 0.5 %

Shares of Walt Disney stock opened at $111.26 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $201.13 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The business has a fifty day simple moving average of $110.64 and a 200-day simple moving average of $103.16. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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%. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

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