Atomi Financial Group Inc. increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 18.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 29,953 shares of the entertainment giant's stock after buying an additional 4,638 shares during the quarter. Atomi Financial Group Inc.'s holdings in Walt Disney were worth $3,335,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the 2nd quarter valued at approximately $32,000. Friedenthal Financial bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $49,000. First PREMIER Bank lifted its holdings in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock worth $50,000 after buying an additional 256 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Walt Disney during the fourth quarter valued at $50,000. Finally, FSA Wealth Management LLC bought a new stake in Walt Disney in the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on DIS. Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. TD Cowen lifted their price target on Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. 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. Finally, Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They set a "hold" rating and a $120.00 target price on the stock. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $125.54.
Read Our Latest Report on Walt Disney
Walt Disney Stock Performance
Shares of DIS stock traded up $1.70 during trading hours on Tuesday, hitting $108.72. The company's stock had a trading volume of 8,282,040 shares, compared to its average volume of 6,971,186. The stock has a market cap of $196.89 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43. The company has a 50 day moving average of $112.20 and a 200 day moving average of $99.76. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Walt Disney's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. On average, sell-side analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.
Walt Disney Increases Dividend
The firm also recently declared 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. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's dividend payout ratio is currently 36.90%.
Insider Buying and Selling at Walt Disney
In other news, CEO Robert A. Iger sold 372,412 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.10% of the company's stock.
Walt Disney Company Profile
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Free Report)
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.
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