Magnus Financial Group LLC Acquires 745 Shares of The Walt Disney Company (NYSE:DIS)

Magnus Financial Group LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,796 shares of the entertainment giant’s stock after buying an additional 745 shares during the period. Magnus Financial Group LLC’s holdings in Walt Disney were worth $2,316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Investment Advisory Group LLC raised its stake in shares of Walt Disney by 7.7% during the 4th quarter. Investment Advisory Group LLC now owns 2,413 shares of the entertainment giant’s stock worth $269,000 after purchasing an additional 173 shares in the last quarter. Albion Financial Group UT grew its stake in shares of Walt Disney by 3.0% in the fourth quarter. Albion Financial Group UT now owns 100,307 shares of the entertainment giant’s stock valued at $11,169,000 after buying an additional 2,952 shares in the last quarter. West Branch Capital LLC increased its holdings in Walt Disney by 16,550.0% during the fourth quarter. West Branch Capital LLC now owns 666 shares of the entertainment giant’s stock worth $74,000 after buying an additional 662 shares during the last quarter. Barlow Wealth Partners Inc. raised its position in Walt Disney by 0.9% during the fourth quarter. Barlow Wealth Partners Inc. now owns 100,666 shares of the entertainment giant’s stock worth $10,890,000 after acquiring an additional 852 shares in the last quarter. Finally, XML Financial LLC lifted its stake in Walt Disney by 7.4% in the fourth quarter. XML Financial LLC now owns 14,539 shares of the entertainment giant’s stock valued at $1,619,000 after acquiring an additional 1,005 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of the company’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 transaction 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 $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last three months. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DIS shares. Needham & Company LLC 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. Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Sanford C. Bernstein boosted 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, Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Stock Performance

DIS opened at $108.86 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $197.14 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43. The business’s fifty day moving average is $112.35 and its 200-day moving average is $99.83.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion for 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 business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is currently 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.