Lodestone Wealth Management LLC Has $399,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Lodestone Wealth Management LLC grew its position in The Walt Disney Company (NYSE:DIS) by 31.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,585 shares of the entertainment giant’s stock after buying an additional 850 shares during the period. Lodestone Wealth Management LLC’s holdings in Walt Disney were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. Wedge Capital Management L L P NC increased its stake in shares of Walt Disney by 8.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock valued at $348,000 after buying an additional 270 shares during the period. Creative Planning boosted its position in shares of Walt Disney by 0.9% in the 3rd quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock worth $59,827,000 after purchasing an additional 5,972 shares during the last quarter. Twelve Points Wealth Management LLC boosted its position in shares of Walt Disney by 3.2% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 4,264 shares of the entertainment giant’s stock worth $410,000 after purchasing an additional 133 shares during the last quarter. Bfsg LLC boosted its position in shares of Walt Disney by 690.7% in the 3rd quarter. Bfsg LLC now owns 20,464 shares of the entertainment giant’s stock worth $1,968,000 after purchasing an additional 17,876 shares during the last quarter. Finally, Good Life Advisors LLC boosted its position in shares of Walt Disney by 9.7% in the 3rd quarter. Good Life Advisors LLC now owns 17,082 shares of the entertainment giant’s stock worth $1,643,000 after purchasing an additional 1,507 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % 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 90 days. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DIS shares. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie reiterated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Evercore ISI lifted their target price on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have given 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 price target of $125.85.

Walt Disney Price Performance

NYSE:DIS opened at $110.31 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The stock’s 50-day simple moving average is $111.27 and its 200 day simple moving average is $101.72. The company has a market cap of $199.42 billion, a P/E ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. 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 announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm 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 yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 32.57%.

About Walt Disney

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.