Variant Private Wealth LLC Invests $1.25 Million in The Walt Disney Company (NYSE:DIS)

Variant Private Wealth LLC acquired a new position in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 11,229 shares of the entertainment giant’s stock, valued at approximately $1,250,000. Walt Disney comprises approximately 1.2% of Variant Private Wealth LLC’s holdings, making the stock its 22nd biggest holding.

A number of other large investors have also recently made changes to their positions in the business. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney in the fourth quarter worth $35,000. Hager Investment Management Services LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth $43,000. Cedar Mountain Advisors LLC grew its stake in shares of Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 110 shares during the last quarter. Friedenthal Financial bought a new position in shares of Walt Disney during the fourth quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Walt Disney during the fourth quarter valued at $50,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $108.62 on Friday. 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 market cap of $196.37 billion, a PE ratio of 35.38, a P/E/G ratio of 1.81 and a beta of 1.42. The firm has a 50-day simple moving average of $110.70 and a 200 day simple moving average of $102.39. 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 posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

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

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $125.44.

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.