Eagle Ridge Investment Management Buys 354 Shares of Walt Disney Co (NYSE:DIS)

Eagle Ridge Investment Management boosted its stake in Walt Disney Co (NYSE:DIS) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,483 shares of the entertainment giant’s stock after acquiring an additional 354 shares during the period. Walt Disney accounts for 1.5% of Eagle Ridge Investment Management’s investment portfolio, making the stock its 21st largest holding. Eagle Ridge Investment Management’s holdings in Walt Disney were worth $11,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. JJJ Advisors Inc. lifted its stake in Walt Disney by 96.8% in the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after buying an additional 120 shares during the period. Garrett Wealth Advisory Group LLC acquired a new position in shares of Walt Disney during the third quarter worth approximately $36,000. Wealthcare Capital Management LLC raised its position in shares of Walt Disney by 66.5% during the fourth quarter. Wealthcare Capital Management LLC now owns 333 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 133 shares during the period. Price Wealth LLC raised its position in shares of Walt Disney by 601.8% during the fourth quarter. Price Wealth LLC now owns 400 shares of the entertainment giant’s stock worth $58,000 after purchasing an additional 343 shares during the period. Finally, Bourgeon Capital Management LLC acquired a new position in shares of Walt Disney during the third quarter worth approximately $60,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Shares of NYSE DIS opened at $140.90 on Friday. The stock has a market cap of $254.39 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 5.21 and a beta of 1.00. The company has a current ratio of 0.80, a quick ratio of 0.75 and a debt-to-equity ratio of 0.40. Walt Disney Co has a 1-year low of $107.32 and a 1-year high of $153.41. The stock’s 50-day moving average is $143.04 and its 200 day moving average is $139.53.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.09. The company had revenue of $20.86 billion for the quarter, compared to analysts’ expectations of $20.84 billion. Walt Disney had a return on equity of 10.23% and a net margin of 13.81%. Walt Disney’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period last year, the firm posted $1.84 EPS. On average, analysts forecast that Walt Disney Co will post 5.38 EPS for the current fiscal year.

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 1.2%. Walt Disney’s dividend payout ratio is 30.50%.

A number of research firms recently commented on DIS. Bank of America reissued a “buy” rating and issued a $168.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Deutsche Bank upped their price objective on Walt Disney from $132.00 to $139.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Loop Capital increased their price target on Walt Disney from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. UBS Group increased their price target on Walt Disney from $155.00 to $162.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Evercore ISI restated a “buy” rating and issued a $155.00 target price on shares of Walt Disney in a research note on Monday, November 11th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $160.36.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $147.45, for a total value of $294,900.00. Following the transaction, the executive vice president now directly owns 34,479 shares of the company’s stock, valued at approximately $5,083,928.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan N. Braverman sold 3,107 shares of Walt Disney stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total value of $454,056.98. Following the completion of the transaction, the executive vice president now directly owns 104,358 shares in the company, valued at $15,250,878.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,258 shares of company stock worth $1,525,940. 0.31% of the stock is currently owned by insiders.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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