Angeles Wealth Management LLC Raises Stake in The Walt Disney Company (NYSE:DIS)

Angeles Wealth Management LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,026 shares of the entertainment giant’s stock after buying an additional 1,422 shares during the quarter. Angeles Wealth Management LLC’s holdings in Walt Disney were worth $1,116,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Farmers Trust Co. raised its stake in shares of Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after buying an additional 92 shares during the period. Saxon Interests Inc. increased its holdings in Walt Disney by 2.8% in the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after acquiring an additional 93 shares in the last quarter. Abundance Wealth Counselors raised its position in Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock worth $1,076,000 after acquiring an additional 94 shares during the period. Bank Hapoalim BM lifted its holdings in Walt Disney by 2.2% during the fourth quarter. Bank Hapoalim BM now owns 4,539 shares of the entertainment giant’s stock valued at $505,000 after purchasing an additional 96 shares in the last quarter. Finally, Great Diamond Partners LLC grew its position in shares of Walt Disney by 1.6% in the fourth quarter. Great Diamond Partners LLC now owns 6,105 shares of the entertainment giant’s stock valued at $680,000 after purchasing an additional 98 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DIS shares. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Wells Fargo & Company increased 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. Prescient Securities lowered their price target 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. Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Stock Down 1.1 %

Shares of NYSE:DIS opened at $110.83 on Monday. The company has a market capitalization of $200.36 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business has a 50-day moving average price of $111.87 and a 200 day moving average price of $101.19. The company has a current ratio of 0.68, a quick ratio of 0.67 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 for the quarter, beating 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%. Sell-side analysts expect that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. This is a positive change 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%.

Insiders Place Their Bets

In related 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. Corporate 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.