Udine Wealth Management Inc. Acquires Shares of 9,889 The Walt Disney Company (NYSE:DIS)

Udine Wealth Management Inc. acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 9,889 shares of the entertainment giant’s stock, valued at approximately $1,101,000. Walt Disney accounts for 0.7% of Udine Wealth Management Inc.’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds also recently modified their holdings of the stock. Concurrent Investment Advisors LLC boosted its stake in Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after purchasing an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Walt Disney by 1.1% in the third 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 buying an additional 114,701 shares during the period. Brookstone Capital Management lifted its position in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after acquiring an additional 13,339 shares during the period. Summit Global Investments increased its position in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares during the period. Finally, Avanza Fonder AB bought a new position in shares of Walt Disney in the fourth quarter worth $15,125,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DIS. Bank of America upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Loop Capital upped their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Needham & Company LLC boosted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities raised their target price on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Stock Performance

NYSE:DIS opened at $107.07 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a market cap of $193.90 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The business has a 50 day moving average price of $112.08 and a 200-day moving average price of $99.67.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date was Monday, December 16th. This is a boost 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 (DPR) is presently 36.90%.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last 90 days. Company insiders own 0.10% 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.