Transcendent Capital Group LLC Has $162,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Transcendent Capital Group LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 93.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,451 shares of the entertainment giant’s stock after purchasing an additional 700 shares during the quarter. Transcendent Capital Group LLC’s holdings in Walt Disney were worth $162,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DIS. J.W. Cole Advisors Inc. boosted its stake in Walt Disney by 2.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 28,468 shares of the entertainment giant’s stock worth $2,738,000 after acquiring an additional 691 shares during the last quarter. Hedges Asset Management LLC boosted its position in shares of Walt Disney by 13.6% during the third quarter. Hedges Asset Management LLC now owns 10,450 shares of the entertainment giant’s stock worth $1,005,000 after purchasing an additional 1,250 shares in the last quarter. Leuthold Group LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at $5,593,000. Summit Place Financial Advisors LLC increased its position in shares of Walt Disney by 5.6% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 32,768 shares of the entertainment giant’s stock valued at $3,152,000 after buying an additional 1,736 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new position in Walt Disney during the third quarter worth about $611,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 2.3 %

DIS opened at $111.18 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a fifty day moving average of $110.68 and a 200-day moving average of $102.75. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a market capitalization of $200.99 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DIS shares. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Citigroup reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, TD Cowen raised their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.44.

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.