Hohimer Wealth Management LLC Purchases Shares of 12,393 The Walt Disney Company (NYSE:DIS)

Hohimer Wealth Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 12,393 shares of the entertainment giant’s stock, valued at approximately $1,192,000.

Several other hedge funds have also modified their holdings of DIS. Soltis Investment Advisors LLC raised its stake in Walt Disney by 5.5% during the third quarter. Soltis Investment Advisors LLC now owns 6,371 shares of the entertainment giant’s stock worth $613,000 after purchasing an additional 334 shares during the period. TD Private Client Wealth LLC raised its position in shares of Walt Disney by 1.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 13,333 shares of the entertainment giant’s stock worth $1,283,000 after buying an additional 139 shares during the period. Sunbelt Securities Inc. boosted its holdings in Walt Disney by 25.6% in the third quarter. Sunbelt Securities Inc. now owns 6,898 shares of the entertainment giant’s stock valued at $663,000 after acquiring an additional 1,406 shares during the last quarter. Financial Avengers Inc. grew its position in Walt Disney by 4.5% during the third quarter. Financial Avengers Inc. now owns 49,665 shares of the entertainment giant’s stock valued at $4,777,000 after acquiring an additional 2,152 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Walt Disney by 66.0% during the third quarter. Coldstream Capital Management Inc. now owns 47,817 shares of the entertainment giant’s stock worth $4,615,000 after acquiring an additional 19,003 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.1 %

DIS stock opened at $114.75 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $103.07 and a 200-day simple moving average of $97.73. The company has a market capitalization of $207.81 billion, a P/E ratio of 42.34, a PEG ratio of 2.05 and a beta of 1.42. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

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

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. Walt Disney’s dividend payout ratio is currently 33.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DIS shares. Needham & Company LLC lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Guggenheim boosted their price objective 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. Bank of America increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.67.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently 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.