Grandview Asset Management LLC Invests $433,000 in The Walt Disney Company (NYSE:DIS)

Grandview Asset Management LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,887 shares of the entertainment giant’s stock, valued at approximately $433,000.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Thoroughbred Financial Services LLC raised its holdings in Walt Disney by 71.6% during the second quarter. Thoroughbred Financial Services LLC now owns 10,794 shares of the entertainment giant’s stock valued at $1,071,000 after buying an additional 4,502 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Walt Disney by 4.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 43,072 shares of the entertainment giant’s stock worth $4,277,000 after purchasing an additional 1,909 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Walt Disney in the 2nd quarter worth approximately $213,000. Marble Harbor Investment Counsel LLC boosted its position in Walt Disney by 0.7% during the second quarter. Marble Harbor Investment Counsel LLC now owns 90,053 shares of the entertainment giant’s stock worth $8,941,000 after purchasing an additional 610 shares during the period. Finally, Wealth Dimensions Group Ltd. grew its holdings in Walt Disney by 9.3% during the second quarter. Wealth Dimensions Group Ltd. now owns 5,369 shares of the entertainment giant’s stock valued at $533,000 after purchasing an additional 457 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIS. Rosenblatt Securities raised their target price on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Wells Fargo & Company raised their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction 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. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

Walt Disney stock opened at $108.08 on Tuesday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a fifty day moving average price of $111.36 and a two-hundred day moving average price of $99.47. The firm has a market capitalization of $195.73 billion, a P/E ratio of 39.88, a P/E/G ratio of 2.03 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period last year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s 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.