Linscomb Wealth Inc. Makes New Investment in The Walt Disney Company (NYSE:DIS)

Linscomb Wealth Inc. acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,118 shares of the entertainment giant’s stock, valued at approximately $236,000.

A number of other hedge funds also recently modified their holdings of the stock. Jennison Associates LLC lifted its position in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. FMR LLC lifted its holdings in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Van ECK Associates Corp grew its holdings in Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after buying an additional 2,298,921 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock worth $398,508,000 after buying an additional 2,188,610 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DIS. Morgan Stanley boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Prescient Securities dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $125.44.

Walt Disney Stock Performance

Shares of DIS opened at $113.82 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm’s fifty day simple moving average is $110.68 and its two-hundred day simple moving average is $103.23. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a market capitalization of $205.77 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate 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, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a yield of 0.6%. This is a boost 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%.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.16% of the company’s stock.

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.