Partners Wealth Management LLC Invests $295,000 in The Walt Disney Company (NYSE:DIS)

Partners Wealth Management LLC acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,646 shares of the entertainment giant's stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney in the 4th quarter valued at about $35,000. Hager Investment Management Services LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $43,000. Cedar Mountain Advisors LLC boosted its stake in shares of Walt Disney by 38.1% in the 4th 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 last quarter. Finally, Friedenthal Financial bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $49,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

DIS stock traded up $2.58 during mid-day trading on Wednesday, reaching $113.11. The company had a trading volume of 2,230,093 shares, compared to its average volume of 8,025,074. The stock's 50-day simple moving average is $110.63 and its two-hundred day simple moving average is $102.92. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $204.48 billion, a P/E ratio of 36.74, a P/E/G ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. Research analysts anticipate that The Walt Disney Company will post 5.47 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 of this dividend was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is presently 32.57%.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research analyst reports. TD Cowen raised their price objective 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. Guggenheim lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Rosenblatt Securities restated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Bank of America lifted their price target on 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 raised Walt Disney from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $125.44.

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

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.