14,508 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Delta Financial Group Inc.

Delta Financial Group Inc. bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,508 shares of the entertainment giant’s stock, valued at approximately $1,615,000.

A number of other hedge funds also recently added to or reduced their stakes in DIS. Summit Asset Management LLC purchased a new position in Walt Disney during the 4th quarter worth $212,000. Cabot Wealth Management Inc. raised its position in shares of Walt Disney by 3.0% in the fourth quarter. Cabot Wealth Management Inc. now owns 97,192 shares of the entertainment giant’s stock valued at $10,822,000 after buying an additional 2,842 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Walt Disney by 13.2% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 41,588 shares of the entertainment giant’s stock valued at $4,631,000 after buying an additional 4,845 shares during the last quarter. Lansing Street Advisors purchased a new stake in Walt Disney in the fourth quarter valued at approximately $232,000. Finally, Howard Capital Management Inc. grew its stake in Walt Disney by 6.3% during the fourth quarter. Howard Capital Management Inc. now owns 11,479 shares of the entertainment giant’s stock worth $1,278,000 after buying an additional 681 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction 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. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DIS shares. Wells Fargo & Company raised their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Finally, The Goldman Sachs Group raised their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.44.

Walt Disney Stock Down 1.7 %

Shares of NYSE DIS opened at $108.62 on Friday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business’s fifty day moving average price is $110.70 and its 200-day moving average price is $102.49. The stock has a market capitalization of $196.37 billion, a PE ratio of 35.38, a P/E/G ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared 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 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 (DPR) is presently 32.57%.

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.