Union Bancaire Privee UBP SA Takes Position in The Walt Disney Company (NYSE:DIS)

Union Bancaire Privee UBP SA purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, Holdings Channel reports. The fund purchased 14,888 shares of the entertainment giant’s stock, valued at approximately $1,621,000.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $28,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $35,000. Hager Investment Management Services LLC acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $43,000. Cedar Mountain Advisors LLC raised its position 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 worth $44,000 after acquiring an additional 110 shares during the last quarter. Finally, Richardson Capital Management LLC raised its position in shares of Walt Disney by 1,111.1% during the fourth quarter. Richardson Capital Management LLC now owns 436 shares of the entertainment giant’s stock worth $49,000 after acquiring an additional 400 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DIS shares. 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 report on Tuesday, February 4th. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Loop Capital raised their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Morgan Stanley raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $125.44.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $108.62 on Monday. The stock’s 50 day moving average is $110.70 and its 200-day moving average is $102.58. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market capitalization of $196.37 billion, a price-to-earnings ratio of 35.38, a PEG 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 announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. Sell-side 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 declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is 32.57%.

Insider Buying and Selling

In related 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

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.