Wingate Wealth Advisors Inc. Invests $191,000 in The Walt Disney Company (NYSE:DIS)

Wingate Wealth Advisors Inc. bought a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,713 shares of the entertainment giant’s stock, valued at approximately $191,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. boosted its position in shares of Walt Disney by 1.6% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 16,383 shares of the entertainment giant’s stock valued at $1,824,000 after acquiring an additional 255 shares in the last quarter. Savant Capital LLC lifted its stake in Walt Disney by 5.1% during the fourth quarter. Savant Capital LLC now owns 65,140 shares of the entertainment giant’s stock worth $7,253,000 after purchasing an additional 3,186 shares during the period. Harbour Trust & Investment Management Co boosted its holdings in Walt Disney by 0.3% during the fourth quarter. Harbour Trust & Investment Management Co now owns 59,317 shares of the entertainment giant’s stock valued at $6,605,000 after purchasing an additional 181 shares in the last quarter. Angeles Wealth Management LLC grew its stake in shares of Walt Disney by 16.5% in the 4th quarter. Angeles Wealth Management LLC now owns 10,026 shares of the entertainment giant’s stock valued at $1,116,000 after purchasing an additional 1,422 shares during the period. Finally, Coronation Fund Managers Ltd. raised its holdings in shares of Walt Disney by 1.7% in the 4th quarter. Coronation Fund Managers Ltd. now owns 187,785 shares of the entertainment giant’s stock worth $20,910,000 after buying an additional 3,054 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,412 shares of company stock valued at $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $110.83 on Monday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market cap of $200.36 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The business’s fifty day moving average is $111.87 and its 200-day moving average is $101.19.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Equities research analysts forecast that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

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 $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 32.57%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DIS. Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Sanford C. Bernstein upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $125.85.

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.