DORCHESTER WEALTH MANAGEMENT Co Purchases 4,845 Shares of The Walt Disney Company (NYSE:DIS)

DORCHESTER WEALTH MANAGEMENT Co lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,588 shares of the entertainment giant's stock after acquiring an additional 4,845 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co's holdings in Walt Disney were worth $4,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the 4th quarter valued at $28,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at about $35,000. Hager Investment Management Services LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth about $43,000. Cedar Mountain Advisors LLC boosted its stake in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock worth $44,000 after acquiring an additional 110 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Walt Disney during the 4th quarter valued at about $49,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS traded up $1.29 during midday trading on Wednesday, reaching $111.82. 7,827,624 shares of the company traded hands, compared to its average volume of 8,181,265. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. 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's 50-day simple moving average is $110.63 and its 200-day simple moving average is $102.92. The firm has a market cap of $202.14 billion, a PE ratio of 36.42, a PEG ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate 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 declared 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. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney's dividend payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Guggenheim boosted their target price 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. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Sanford C. Bernstein boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research 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 given a strong buy rating to the company. According to MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $125.44.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company's stock.

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.