Wealthcare Capital Partners LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Wealthcare Capital Partners LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,463 shares of the entertainment giant’s stock, valued at approximately $274,000.

Several other institutional investors have also recently bought and sold shares of the business. Concurrent Investment Advisors LLC grew its holdings in shares of Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after acquiring an additional 114,701 shares during the last quarter. Brookstone Capital Management boosted its holdings in Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after acquiring an additional 13,339 shares during the last quarter. Summit Global Investments boosted its holdings in Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after acquiring an additional 10,230 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in Walt Disney in the fourth quarter valued at approximately $15,125,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DIS shares. Jefferies Financial Group began coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Morgan Stanley upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Bank of America increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Finally, Evercore ISI increased their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Trading Down 1.5 %

NYSE DIS opened at $109.23 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. 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 $197.47 billion, a PE ratio of 35.58, a P/E/G ratio of 1.95 and a beta of 1.42. The stock’s 50 day moving average is $111.87 and its 200 day moving average is $101.26.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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%. Research analysts forecast that The Walt Disney Company will post 5.43 earnings per share for the current fiscal 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 paid a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 32.57%.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last quarter. 0.16% of the stock is currently owned by insiders.

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.