Perigon Wealth Management LLC Has $8.72 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Perigon Wealth Management LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,922 shares of the entertainment giant’s stock after selling 4,753 shares during the period. Perigon Wealth Management LLC’s holdings in Walt Disney were worth $8,721,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DIS. NewEdge Advisors LLC raised its stake in Walt Disney by 6.6% during the second quarter. NewEdge Advisors LLC now owns 107,283 shares of the entertainment giant’s stock worth $10,652,000 after buying an additional 6,686 shares during the last quarter. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the second quarter valued at $32,000. Invst LLC increased its stake in Walt Disney by 2.0% in the second quarter. Invst LLC now owns 18,149 shares of the entertainment giant’s stock valued at $1,779,000 after purchasing an additional 348 shares in the last quarter. Regal Investment Advisors LLC increased its stake in Walt Disney by 8.5% in the second quarter. Regal Investment Advisors LLC now owns 19,281 shares of the entertainment giant’s stock valued at $1,914,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Walt Disney in the second quarter valued at $13,702,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.9 %

DIS opened at $113.18 on Tuesday. 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 stock has a market cap of $204.97 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company’s 50-day moving average price is $112.46 and its two-hundred day moving average price is $100.11.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 36.90%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DIS. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Citigroup reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.52.

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of the business’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 value of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last quarter. Company insiders own 0.10% of the company’s stock.

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.