Jones Financial Companies Lllp Buys 52,748 Shares of The Walt Disney Company (NYSE:DIS)

Jones Financial Companies Lllp raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 312,677 shares of the entertainment giant’s stock after buying an additional 52,748 shares during the period. Jones Financial Companies Lllp’s holdings in Walt Disney were worth $34,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Modera Wealth Management LLC increased its position in shares of Walt Disney by 0.6% during the 4th quarter. Modera Wealth Management LLC now owns 106,274 shares of the entertainment giant’s stock valued at $11,834,000 after purchasing an additional 611 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Walt Disney by 160.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 15,718 shares of the entertainment giant’s stock valued at $1,750,000 after buying an additional 9,678 shares during the period. Norden Group LLC increased its holdings in Walt Disney by 0.9% during the fourth quarter. Norden Group LLC now owns 22,260 shares of the entertainment giant’s stock valued at $2,479,000 after buying an additional 199 shares during the last quarter. IFG Advisors LLC raised its position in Walt Disney by 5.5% in the fourth quarter. IFG Advisors LLC now owns 4,753 shares of the entertainment giant’s stock worth $529,000 after acquiring an additional 248 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Walt Disney during the 4th quarter worth $154,000. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI raised their target price on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Loop Capital raised their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein lifted their price target 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 research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.44.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

NYSE DIS opened at $113.82 on Friday. The company has a market cap of $205.77 billion, a P/E ratio of 37.08, a P/E/G ratio of 1.80 and a beta of 1.42. The business’s 50 day moving average price is $110.68 and its 200-day moving average price is $103.35. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last released its earnings results 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 net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts predict that The Walt Disney Company will post 5.47 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. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a dividend yield of 0.6%. This is an increase 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 is presently 32.57%.

Walt Disney 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.