PCG Asset Management LLC Buys Shares of 6,740 The Walt Disney Company (NYSE:DIS)

PCG Asset 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 Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,740 shares of the entertainment giant's stock, valued at approximately $751,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sherman Asset Management Inc. acquired a new stake in Walt Disney in the 4th quarter valued at about $249,000. Onefund LLC grew its position in shares of Walt Disney by 2.0% in the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock valued at $541,000 after purchasing an additional 93 shares during the last quarter. Proffitt & Goodson Inc. increased its stake in shares of Walt Disney by 5.3% during the 4th quarter. Proffitt & Goodson Inc. now owns 9,756 shares of the entertainment giant's stock worth $1,086,000 after purchasing an additional 488 shares in the last quarter. Richard W. Paul & Associates LLC raised its position in shares of Walt Disney by 5,048.0% during the 4th quarter. Richard W. Paul & Associates LLC now owns 1,287 shares of the entertainment giant's stock worth $143,000 after purchasing an additional 1,262 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in Walt Disney by 1.4% in the 4th quarter. Metis Global Partners LLC now owns 107,119 shares of the entertainment giant's stock valued at $11,928,000 after buying an additional 1,480 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS traded down $0.36 during mid-day trading on Monday, hitting $113.44. The stock had a trading volume of 4,204,546 shares, compared to its average volume of 8,229,341. 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 company has a market cap of $205.07 billion, a PE ratio of 37.04, a PEG ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company's fifty day simple moving average is $110.68 and its two-hundred day simple moving average is $103.48.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates 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 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 disclosed 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 represents a 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 currently 32.57%.

Analysts Set New Price Targets

A number of research analysts have issued reports on DIS shares. The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Guggenheim lifted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Morgan Stanley increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.44.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares of the company's stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by company insiders.

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.