Investment Advisory Group LLC Purchases 173 Shares of The Walt Disney Company (NYSE:DIS)

Investment Advisory Group LLC raised its position in The Walt Disney Company (NYSE:DIS) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,413 shares of the entertainment giant’s stock after acquiring an additional 173 shares during the period. Investment Advisory Group LLC’s holdings in Walt Disney were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Certified Advisory Corp acquired a new position in Walt Disney during the 2nd quarter valued at approximately $1,218,000. Farallon Capital Management LLC purchased a new stake in shares of Walt Disney during the second quarter valued at $355,673,000. Providence Capital Advisors LLC increased its position in shares of Walt Disney by 1.2% in the 2nd quarter. Providence Capital Advisors LLC now owns 61,919 shares of the entertainment giant’s stock valued at $6,148,000 after acquiring an additional 714 shares during the period. Mill Creek Capital Advisors LLC raised its stake in Walt Disney by 0.4% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 32,610 shares of the entertainment giant’s stock worth $3,238,000 after acquiring an additional 141 shares during the last quarter. Finally, ValueAct Holdings L.P. lifted its position in Walt Disney by 13.2% during the 2nd quarter. ValueAct Holdings L.P. now owns 6,133,631 shares of the entertainment giant’s stock worth $609,008,000 after acquiring an additional 715,000 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DIS. Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Wells Fargo & Company raised their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Loop Capital upped their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.52.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by insiders.

Walt Disney Price Performance

Walt Disney stock opened at $108.72 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock has a market cap of $196.89 billion, a P/E ratio of 40.12, a PEG ratio of 1.91 and a beta of 1.43. The company has a 50-day moving average price of $112.35 and a 200 day moving average price of $99.83. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. Sell-side analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, December 16th. This is a boost 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 currently 36.90%.

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.