Nicholas Hoffman & Company LLC. Boosts Stake in The Walt Disney Company (NYSE:DIS)

Nicholas Hoffman & Company LLC. lifted its stake in The Walt Disney Company (NYSE:DIS) by 1.9% in the 4th quarter, HoldingsChannel reports. The firm owned 10,459 shares of the entertainment giant’s stock after acquiring an additional 191 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Walt Disney were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its holdings in Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after buying an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after buying an additional 114,701 shares during the period. Brookstone Capital Management boosted its holdings in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after buying an additional 13,339 shares during the period. Summit Global Investments boosted its holdings in Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after buying an additional 10,230 shares during the period. Finally, Avanza Fonder AB bought a new position in Walt Disney in the 4th quarter worth $15,125,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on DIS shares. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Evercore ISI increased their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Jefferies Financial Group started coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by insiders.

Walt Disney Stock Up 0.7 %

DIS opened at $110.31 on Monday. The stock has a market capitalization of $199.42 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42. The company has a fifty day moving average of $111.14 and a two-hundred day moving average of $101.85. 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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, research analysts expect that The Walt Disney Company will post 5.43 earnings per share 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 32.57%.

Walt Disney Company 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.