Union Bancaire Privee UBP SA Takes $1.62 Million Position in The Walt Disney Company (NYSE:DIS)

Union Bancaire Privee UBP SA acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,888 shares of the entertainment giant's stock, valued at approximately $1,621,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth $28,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $35,000. Hager Investment Management Services LLC purchased a new position in Walt Disney during the fourth quarter worth approximately $43,000. Cedar Mountain Advisors LLC grew its stake in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock valued at $44,000 after buying an additional 110 shares during the period. Finally, Richardson Capital Management LLC boosted its holdings in Walt Disney by 1,111.1% in the fourth quarter. Richardson Capital Management LLC now owns 436 shares of the entertainment giant's stock valued at $49,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Citigroup restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Bank of America raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Guggenheim raised their target price on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $125.44.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $2.27 during midday trading on Wednesday, hitting $112.80. 2,146,768 shares of the company's stock were exchanged, compared to its average volume of 8,018,302. The firm has a market capitalization of $203.91 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company's 50 day moving average price is $110.63 and its 200 day moving average price 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney's previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney's dividend payout ratio is presently 32.57%.

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.