Lodestone Wealth Management LLC Purchases 850 Shares of The Walt Disney Company (NYSE:DIS)

Lodestone Wealth Management LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 31.1% in the fourth quarter, HoldingsChannel reports. The fund owned 3,585 shares of the entertainment giant’s stock after acquiring an additional 850 shares during the period. Lodestone Wealth Management LLC’s holdings in Walt Disney were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DIS. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $35,000. Hager Investment Management Services LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $43,000. Cedar Mountain Advisors LLC boosted its stake in shares of Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $49,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $50,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DIS shares. 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 upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC restated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. TD Cowen upped their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Stock Performance

NYSE DIS opened at $110.31 on Friday. The company 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 Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a fifty day simple moving average of $111.27 and a 200 day simple moving average of $101.72. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Sell-side analysts expect that The Walt Disney Company will post 5.43 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. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is presently 32.57%.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated 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. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Company 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.