Fisher Funds Management LTD Invests $2.24 Million in The Walt Disney Company (NYSE:DIS)

Fisher Funds Management LTD purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,165 shares of the entertainment giant's stock, valued at approximately $2,240,000.

A number of other institutional investors have also modified their holdings of the stock. Richardson Capital Management LLC boosted its holdings in Walt Disney by 1,111.1% during the fourth quarter. Richardson Capital Management LLC now owns 436 shares of the entertainment giant's stock worth $49,000 after buying an additional 400 shares in the last quarter. 44 Wealth Management LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth about $642,000. Navellier & Associates Inc. grew its position in shares of Walt Disney by 21.4% during the 4th quarter. Navellier & Associates Inc. now owns 6,871 shares of the entertainment giant's stock valued at $765,000 after acquiring an additional 1,210 shares during the period. Prentice Wealth Management LLC raised its stake in shares of Walt Disney by 5.6% during the 4th quarter. Prentice Wealth Management LLC now owns 6,355 shares of the entertainment giant's stock worth $708,000 after buying an additional 336 shares during the period. Finally, Matauro LLC purchased a new stake in Walt Disney in the 4th quarter worth $376,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

Shares of DIS traded up $2.07 during mid-day trading on Wednesday, reaching $112.60. 1,788,242 shares of the company's stock were exchanged, compared to its average volume of 8,013,582. The business's fifty day simple moving average is $110.63 and its 200-day simple moving average is $102.92. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market capitalization of $203.56 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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, equities 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 announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's payout ratio is presently 32.57%.

Analyst Ratings Changes

A number of equities analysts have commented on DIS shares. Sanford C. Bernstein increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, November 15th. Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 15th. TD Cowen upped their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a report on Friday, November 15th. Bank of America increased their target price 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. Finally, Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target of $125.44.

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.