14,508 Shares in The Walt Disney Company (NYSE:DIS) Bought by Delta Financial Group Inc.

Delta Financial Group Inc. acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, Holdings Channel.com reports. The fund acquired 14,508 shares of the entertainment giant’s stock, valued at approximately $1,615,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the fourth quarter worth about $28,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the fourth quarter worth about $35,000. Hager Investment Management Services LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $43,000. Cedar Mountain Advisors LLC increased its holdings in shares of Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 110 shares in the last quarter. Finally, Friedenthal Financial purchased a new stake in Walt Disney in the fourth quarter valued at approximately $49,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on DIS shares. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Citigroup reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.44.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Down 1.7 %

NYSE DIS opened at $108.62 on Friday. The firm has a market cap of $196.37 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The stock’s 50 day simple moving average is $110.70 and its 200 day simple moving average is $102.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. 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 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.