Udine Wealth Management Inc. Takes Position in The Walt Disney Company (NYSE:DIS)

Udine Wealth Management Inc. acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,889 shares of the entertainment giant's stock, valued at approximately $1,101,000. Walt Disney accounts for approximately 0.7% of Udine Wealth Management Inc.'s holdings, making the stock its 29th largest holding.

A number of other hedge funds also recently made changes to their positions in the business. Farallon Capital Management LLC bought a new position in shares of Walt Disney during the second quarter worth approximately $355,673,000. International Assets Investment Management LLC lifted its holdings in shares of Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant's stock worth $329,585,000 after buying an additional 3,399,359 shares in the last quarter. FMR LLC boosted its position in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Van ECK Associates Corp grew its stake in shares of Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant's stock valued at $414,582,000 after acquiring an additional 2,298,921 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock worth $398,508,000 after acquiring an additional 2,188,610 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DIS. Wells Fargo & Company increased their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Loop Capital lifted their price objective on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, November 15th. Sanford C. Bernstein increased their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Finally, Evercore ISI boosted their price target on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.54.

Walt Disney Trading Up 0.6 %

NYSE DIS traded up $0.61 during trading hours on Friday, reaching $107.07. The company's stock had a trading volume of 7,103,097 shares, compared to its average volume of 6,534,095. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market cap of $193.90 billion, a P/E ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The firm has a fifty day simple moving average of $112.08 and a 200-day simple moving average of $99.69.

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

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is an increase 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 36.90%.

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.