Apexium Financial LP Has $13.80 Million Holdings in The Walt Disney Company (NYSE:DIS)

Apexium Financial LP grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1,472.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,908 shares of the entertainment giant’s stock after acquiring an additional 116,026 shares during the period. Walt Disney accounts for approximately 0.8% of Apexium Financial LP’s investment portfolio, making the stock its 17th biggest holding. Apexium Financial LP’s holdings in Walt Disney were worth $13,797,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the 2nd quarter worth $32,000. Cedar Mountain Advisors LLC raised its holdings in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after buying an additional 110 shares during the last quarter. Friedenthal Financial bought a new position in shares of Walt Disney in the fourth quarter valued at $49,000. First PREMIER Bank grew its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 1.1 %

Shares of DIS opened at $112.25 on Monday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market cap of $203.28 billion, a PE ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43. 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 business’s 50-day moving average price is $112.46 and its 200-day moving average price is $100.08.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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 company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Walt Disney’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. 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 payout ratio is presently 36.90%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Macquarie reissued a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.52.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % 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 in the last three months. 0.10% of the stock is owned by insiders.

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.