Avidian Wealth Enterprises LLC lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,220 shares of the entertainment giant's stock after selling 2,929 shares during the period. Avidian Wealth Enterprises LLC's holdings in Walt Disney were worth $2,029,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. International Assets Investment Management LLC increased its stake in shares of Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant's stock worth $329,585,000 after acquiring an additional 3,399,359 shares during the period. FMR LLC increased its stake in shares of Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Van ECK Associates Corp grew its position in Walt Disney by 114.4% during the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant's stock worth $414,582,000 after buying an additional 2,298,921 shares during the period. Finally, Janus Henderson Group PLC grew its position in Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock worth $398,508,000 after buying an additional 2,188,610 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Wells Fargo & Company upped their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Rosenblatt Securities restated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Guggenheim upped their target price on shares of Walt Disney from $110.00 to $130.00 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 company a "buy" rating in a report on Friday, November 15th. Finally, Evercore ISI upped their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Six analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.85.
Read Our Latest Analysis on Walt Disney
Walt Disney Stock Up 0.7 %
DIS stock traded up $0.72 during trading hours on Friday, hitting $110.31. The company's stock had a trading volume of 5,961,562 shares, compared to its average volume of 8,609,331. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $199.42 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a 50 day moving average price of $111.14 and a two-hundred day moving average price of $101.78.
Walt Disney (NYSE:DIS - Get Free Report) last posted 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%. On average, equities research analysts expect that The Walt Disney Company will post 5.43 earnings per share for the current year.
Walt Disney Increases Dividend
The firm 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 a boost from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney's dividend payout ratio is currently 32.57%.
Insider Transactions at Walt Disney
In other Walt Disney 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 transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company's stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was 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 in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by insiders.
Walt Disney Company Profile
(
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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