The Walt Disney Company (NYSE:DIS) Shares Bought by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,748 shares of the entertainment giant’s stock after acquiring an additional 515 shares during the period. Walt Disney accounts for approximately 1.1% of TriaGen Wealth Management LLC’s portfolio, making the stock its 17th biggest holding. TriaGen Wealth Management LLC’s holdings in Walt Disney were worth $3,201,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Austin Private Wealth LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $286,000. Great Diamond Partners LLC increased its holdings in shares of Walt Disney by 1.6% in the 4th quarter. Great Diamond Partners LLC now owns 6,105 shares of the entertainment giant’s stock valued at $680,000 after acquiring an additional 98 shares during the last quarter. Caprock Group LLC boosted its position in Walt Disney by 6.0% during the 4th quarter. Caprock Group LLC now owns 42,228 shares of the entertainment giant’s stock valued at $4,723,000 after purchasing an additional 2,406 shares during the period. Saxony Capital Management LLC boosted its position in Walt Disney by 8.8% during the 4th quarter. Saxony Capital Management LLC now owns 2,882 shares of the entertainment giant’s stock valued at $321,000 after purchasing an additional 233 shares during the period. Finally, New Wave Wealth Advisors LLC acquired a new position in Walt Disney during the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Guggenheim boosted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Citigroup reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Walt Disney Stock Down 0.3 %

DIS opened at $113.04 on Friday. The company has a 50 day moving average of $112.39 and a 200 day moving average of $100.53. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a market cap of $204.43 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. On average, sell-side analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is 36.90%.

Insiders Place Their Bets

In related news, 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 owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’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 trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is currently owned by company insiders.

Walt Disney Company 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.