Accuvest Global Advisors Acquires 9,089 Shares of The Walt Disney Company (NYSE:DIS)

Accuvest Global Advisors raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 58.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,573 shares of the entertainment giant's stock after purchasing an additional 9,089 shares during the quarter. Walt Disney accounts for approximately 3.8% of Accuvest Global Advisors' holdings, making the stock its 14th largest holding. Accuvest Global Advisors' holdings in Walt Disney were worth $2,736,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in Walt Disney by 0.6% in the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock valued at $7,463,978,000 after acquiring an additional 490,681 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Walt Disney by 3.8% in the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock valued at $3,609,833,000 after purchasing an additional 1,393,082 shares during the last quarter. FMR LLC lifted its position in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares in the last quarter. Jennison Associates LLC boosted its holdings in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Walt Disney by 3.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant's stock valued at $1,332,297,000 after purchasing an additional 454,678 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DIS has been the topic of several analyst reports. Needham & Company LLC reissued a "buy" rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They set a "hold" rating and a $120.00 target price on the stock. The Goldman Sachs Group increased their price target on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Sanford C. Bernstein upped their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $125.85.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $1.93 during trading on Friday, reaching $108.62. 9,064,386 shares of the company traded hands, compared to its average volume of 8,249,324. The firm has a market capitalization of $196.37 billion, a PE ratio of 35.38, a PEG ratio of 1.81 and a beta of 1.42. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company's 50 day moving average is $110.70 and its two-hundred day moving average is $102.39.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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, sell-side analysts predict that The Walt Disney Company will post 5.47 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. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a boost 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 presently 32.57%.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.16% of the company's stock.

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.