4,892 Shares in The Walt Disney Company (NYSE:DIS) Purchased by BankPlus Wealth Management LLC

BankPlus Wealth Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,892 shares of the entertainment giant's stock, valued at approximately $545,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Concurrent Investment Advisors LLC raised its stake in Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant's stock valued at $6,420,000 after purchasing an additional 5,184 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Walt Disney by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock worth $1,001,454,000 after buying an additional 114,701 shares during the period. Brookstone Capital Management grew its stake in Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Summit Global Investments raised its holdings in Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant's stock valued at $1,191,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB acquired a new position in Walt Disney during the 4th quarter worth $15,125,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

DIS has been the topic of several research analyst reports. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Wells Fargo & Company upped their price target on Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Finally, Evercore ISI lifted their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.52.

Walt Disney Price Performance

Shares of NYSE DIS traded down $1.08 during midday trading on Tuesday, reaching $112.26. The company's stock had a trading volume of 6,511,086 shares, compared to its average volume of 7,376,900. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a 50 day moving average price of $112.45 and a 200 day moving average price of $100.22. The company has a market cap of $203.30 billion, a price-to-earnings ratio of 41.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

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

Walt Disney Increases Dividend

The company also recently announced 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 dividend yield of 0.6%. This is a boost 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 36.90%.

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.