Dynasty Wealth Management LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Dynasty Wealth Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,598 shares of the entertainment giant’s stock, valued at approximately $1,069,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC boosted its holdings in shares of Walt Disney by 9.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 10,948 shares of the entertainment giant’s stock valued at $1,053,000 after acquiring an additional 918 shares during the last quarter. Goldstone Financial Group LLC purchased a new stake in Walt Disney in the third quarter valued at $365,000. Reston Wealth Management LLC acquired a new stake in Walt Disney during the 3rd quarter worth about $72,000. LCM Capital Management Inc grew its position in Walt Disney by 2.3% during the 3rd quarter. LCM Capital Management Inc now owns 8,218 shares of the entertainment giant’s stock worth $790,000 after purchasing an additional 188 shares during the period. Finally, Lincluden Management Ltd. raised its stake in shares of Walt Disney by 28.7% during the 3rd quarter. Lincluden Management Ltd. now owns 45,949 shares of the entertainment giant’s stock valued at $4,420,000 after buying an additional 10,256 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 2.3 %

Shares of DIS stock opened at $113.82 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a market capitalization of $205.77 billion, a P/E ratio of 37.08, a PEG ratio of 1.80 and a beta of 1.42. The stock’s fifty day moving average is $110.68 and its two-hundred day moving average is $103.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results 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 net margin of 6.07% and a return on equity of 9.95%. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share 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. Stockholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DIS. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group began coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.44.

Insider Activity at Walt Disney

In other Walt Disney 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 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 $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

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.