Ibex Wealth Advisors Takes $639,000 Position in The Walt Disney Company (NYSE:DIS)

Ibex Wealth Advisors purchased a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,741 shares of the entertainment giant's stock, valued at approximately $639,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its holdings in shares of Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock worth $44,000 after buying an additional 110 shares during the period. Friedenthal Financial bought a new position in Walt Disney in the 4th quarter valued at $49,000. First PREMIER Bank increased its stake in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock worth $50,000 after purchasing an additional 256 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $50,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Walt Disney during the third quarter valued at $51,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.9 %

DIS stock traded up $0.97 on Thursday, hitting $114.16. 2,676,366 shares of the company's stock were exchanged, compared to its average volume of 7,134,248. The firm has a 50 day moving average price of $112.43 and a two-hundred day moving average price of $100.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock has a market cap of $206.73 billion, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43.

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

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders 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 boost from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's dividend payout ratio (DPR) is currently 36.90%.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.10% of the company's stock.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Evercore ISI lifted their price objective 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. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target for the company. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Rosenblatt Securities raised their price objective on Walt Disney from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Bank of America upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Five 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.52.

Walt Disney Company 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.