Wrapmanager Inc. Has $701,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Wrapmanager Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,291 shares of the entertainment giant’s stock after buying an additional 774 shares during the period. Wrapmanager Inc.’s holdings in Walt Disney were worth $701,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. J.W. Cole Advisors Inc. grew its holdings in shares of Walt Disney by 2.5% during the third quarter. J.W. Cole Advisors Inc. now owns 28,468 shares of the entertainment giant’s stock worth $2,738,000 after purchasing an additional 691 shares during the last quarter. Hedges Asset Management LLC boosted its position in Walt Disney by 13.6% during the 3rd quarter. Hedges Asset Management LLC now owns 10,450 shares of the entertainment giant’s stock worth $1,005,000 after buying an additional 1,250 shares during the period. Leuthold Group LLC bought a new stake in Walt Disney during the 3rd quarter worth approximately $5,593,000. Summit Place Financial Advisors LLC grew its holdings in Walt Disney by 5.6% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 32,768 shares of the entertainment giant’s stock worth $3,152,000 after acquiring an additional 1,736 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in Walt Disney in the 3rd quarter valued at approximately $611,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI raised their target price on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Needham & Company LLC restated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their price objective on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Sanford C. Bernstein upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.44.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by insiders.

Walt Disney Trading Up 2.3 %

Walt Disney stock opened at $111.18 on Tuesday. The company has a market capitalization of $200.99 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The stock has a 50-day moving average price of $110.68 and a 200 day moving average price of $102.75. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 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. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is presently 32.57%.

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.