Jessup Wealth Management Inc Acquires New Holdings in The Walt Disney Company (NYSE:DIS)

Jessup Wealth Management Inc acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,840 shares of the entertainment giant's stock, valued at approximately $316,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DIS. Jennison Associates LLC lifted its stake in Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. International Assets Investment Management LLC increased its position in Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant's stock valued at $329,585,000 after acquiring an additional 3,399,359 shares during the period. FMR LLC increased its position in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Van ECK Associates Corp increased its position in Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant's stock valued at $414,582,000 after acquiring an additional 2,298,921 shares during the period. Finally, Janus Henderson Group PLC increased its position in Walt Disney by 112.0% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock valued at $398,508,000 after acquiring an additional 2,188,610 shares during the period. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DIS. Bank of America upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. TD Cowen increased their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Guggenheim increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $125.85.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

DIS stock traded down $1.81 during mid-day trading on Friday, hitting $108.74. The company had a trading volume of 5,790,401 shares, compared to its average volume of 8,142,889. The firm has a market cap of $196.58 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock's fifty day moving average price is $110.80 and its two-hundred day moving average price is $102.34.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate 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, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney's dividend payout ratio (DPR) is presently 32.57%.

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.