Pegasus Asset Management Inc. Acquires 543 Shares of The Walt Disney Company (NYSE:DIS)

Pegasus Asset Management Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,745 shares of the entertainment giant’s stock after acquiring an additional 543 shares during the period. Walt Disney accounts for approximately 1.5% of Pegasus Asset Management Inc.’s portfolio, making the stock its 25th largest holding. Pegasus Asset Management Inc.’s holdings in Walt Disney were worth $3,869,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DIS. Concurrent Investment Advisors LLC grew its holdings in Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Walt Disney by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after purchasing an additional 114,701 shares in the last quarter. Brookstone Capital Management raised its position in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after buying an additional 13,339 shares in the last quarter. Summit Global Investments boosted its stake in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the period. Finally, Avanza Fonder AB purchased a new position in Walt Disney during the fourth quarter worth about $15,125,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $109.48 on Wednesday. The business has a 50 day moving average of $110.95 and a 200 day moving average of $102.13. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a market cap of $197.91 billion, a PE ratio of 35.66, a P/E/G ratio of 1.79 and a beta of 1.42. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 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%. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Insider Buying and Selling at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of 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 disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Evercore ISI increased their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Bank of America boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.