Advyzon Investment Management LLC Acquires New Position in The Walt Disney Company (NYSE:DIS)

Advyzon Investment Management LLC purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,355 shares of the entertainment giant's stock, valued at approximately $262,000.

Several other hedge funds have also modified their holdings of DIS. Allspring Global Investments Holdings LLC raised its holdings in Walt Disney by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant's stock worth $10,377,000 after purchasing an additional 4,878 shares during the last quarter. Elevated Capital Advisors LLC raised its holdings in Walt Disney by 26.5% during the third quarter. Elevated Capital Advisors LLC now owns 8,312 shares of the entertainment giant's stock worth $800,000 after purchasing an additional 1,740 shares during the last quarter. Wallington Asset Management LLC increased its position in Walt Disney by 1.1% during the third quarter. Wallington Asset Management LLC now owns 48,696 shares of the entertainment giant's stock worth $4,684,000 after buying an additional 534 shares in the last quarter. McAdam LLC increased its position in Walt Disney by 11.8% during the third quarter. McAdam LLC now owns 4,104 shares of the entertainment giant's stock worth $395,000 after buying an additional 433 shares in the last quarter. Finally, Capital Investment Counsel Inc increased its position in Walt Disney by 1.2% during the third quarter. Capital Investment Counsel Inc now owns 42,691 shares of the entertainment giant's stock worth $4,106,000 after buying an additional 505 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.7 %

Shares of DIS traded down $1.93 during midday trading on Friday, reaching $108.62. 9,064,386 shares of the company were exchanged, compared to its average volume of 8,249,324. The stock has a 50-day moving average price of $110.80 and a 200-day moving average price of $102.34. The company has a market cap of $196.37 billion, a price-to-earnings ratio of 35.38, a P/E/G ratio of 1.81 and a beta of 1.42. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 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%. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share 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 dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's payout ratio is currently 32.57%.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DIS shares. TD Cowen raised their price target on Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. Evercore ISI raised their price target on Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target for the company. The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $125.85.

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.