Y Intercept Hong Kong Ltd Invests $2.71 Million in The Walt Disney Company (NYSE:DIS)

Y Intercept Hong Kong Ltd purchased a new position in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,297 shares of the entertainment giant’s stock, valued at approximately $2,705,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the fourth quarter valued at about $28,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $35,000. Hager Investment Management Services LLC purchased a new position in Walt Disney in the fourth quarter valued at approximately $43,000. Cedar Mountain Advisors LLC grew its holdings in 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 purchasing an additional 110 shares during the period. Finally, Richardson Capital Management LLC increased its position in Walt Disney by 1,111.1% in the fourth quarter. Richardson Capital Management LLC now owns 436 shares of the entertainment giant’s stock worth $49,000 after buying an additional 400 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $111.18 on Tuesday. The firm has a 50 day simple moving average of $110.68 and a two-hundred day simple moving average of $102.75. The stock has a market cap of $200.99 billion, a PE ratio of 36.22, a P/E/G 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 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 announced 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%. On average, analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders 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 dividend yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DIS. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $125.44.

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.