Avior Wealth Management LLC Buys 5,030 Shares of The Walt Disney Company (NYSE:DIS)

Avior Wealth Management LLC raised its stake in The Walt Disney Company (NYSE:DIS) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,653 shares of the entertainment giant’s stock after acquiring an additional 5,030 shares during the period. Avior Wealth Management LLC’s holdings in Walt Disney were worth $6,409,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bill Few Associates Inc. increased its stake in Walt Disney by 1.4% in the 4th quarter. Bill Few Associates Inc. now owns 25,528 shares of the entertainment giant’s stock worth $2,843,000 after acquiring an additional 363 shares during the last quarter. Teamwork Financial Advisors LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at $206,000. Raleigh Capital Management Inc. increased its position in Walt Disney by 72.9% in the fourth quarter. Raleigh Capital Management Inc. now owns 3,265 shares of the entertainment giant’s stock worth $364,000 after purchasing an additional 1,377 shares during the last quarter. D.B. Root & Company LLC purchased a new stake in Walt Disney during the fourth quarter valued at $242,000. Finally, Mutual Advisors LLC lifted its position in Walt Disney by 1.5% during the fourth quarter. Mutual Advisors LLC now owns 85,197 shares of the entertainment giant’s stock valued at $9,070,000 after purchasing an additional 1,246 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the firm’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 sale, the chief executive officer now directly owns 226,767 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the company’s 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 approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent research reports. Needham & Company LLC upped their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company lifted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Evercore ISI increased their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Sanford C. Bernstein boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.52.

Walt Disney Stock Performance

Shares of DIS stock opened at $108.86 on Thursday. The company’s 50 day moving average is $112.48 and its 200 day moving average is $99.90. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market cap of $197.14 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same period in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently declared 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 represents a dividend yield of 0.6%. This is a positive change 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 is presently 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.