HFR Wealth Management LLC Invests $201,000 in The Walt Disney Company (NYSE:DIS)

HFR Wealth Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,802 shares of the entertainment giant’s stock, valued at approximately $201,000.

Other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $28,000. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $35,000. Hager Investment Management Services LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $43,000. Finally, Providence First Trust Co purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $44,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company increased their price objective on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Six equities research 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. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $125.44.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s 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 directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 1.0 %

Shares of Walt Disney stock opened at $112.69 on Tuesday. The company’s fifty day simple moving average is $110.70 and its 200-day simple moving average is $103.66. The company has a market cap of $203.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 1.80 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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%. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. 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. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is presently 32.57%.

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.