Latko Wealth Management Ltd. Acquires Shares of 2,201 The Walt Disney Company (NYSE:DIS)

Latko Wealth Management Ltd. purchased a new stake in The Walt Disney Company (NYSE:DIS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,201 shares of the entertainment giant’s stock, valued at approximately $245,000. Walt Disney accounts for approximately 0.1% of Latko Wealth Management Ltd.’s holdings, making the stock its 28th biggest holding.

Several other large investors have also modified their holdings of DIS. Jennison Associates LLC raised its holdings in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after purchasing an additional 3,399,359 shares in the last quarter. FMR LLC raised its holdings in shares of Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after purchasing an additional 2,298,921 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Walt Disney by 112.0% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after purchasing an additional 2,188,610 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.7 %

DIS stock opened at $110.31 on Friday. The firm’s fifty day simple moving average is $111.27 and its 200-day simple moving average is $101.72. The company has a market capitalization of $199.42 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. As a group, equities research analysts forecast that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen boosted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Sanford C. Bernstein boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % 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 valued at $44,153,263. Corporate 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.