The Walt Disney Company (NYSE:DIS) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,104,295 shares of the entertainment giant's stock after purchasing an additional 2,300,912 shares during the quarter. Bank of New York Mellon Corp owned about 0.95% of Walt Disney worth $1,904,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Hendley & Co. Inc. bought a new position in Walt Disney during the 4th quarter worth about $219,000. Sentry Investment Management LLC raised its position in shares of Walt Disney by 87.1% in the fourth quarter. Sentry Investment Management LLC now owns 7,219 shares of the entertainment giant's stock valued at $804,000 after buying an additional 3,360 shares in the last quarter. Wrapmanager Inc. grew its stake in Walt Disney by 14.0% during the fourth quarter. Wrapmanager Inc. now owns 6,291 shares of the entertainment giant's stock worth $701,000 after buying an additional 774 shares in the last quarter. Transcendent Capital Group LLC raised its holdings in shares of Walt Disney by 93.2% during the 4th quarter. Transcendent Capital Group LLC now owns 1,451 shares of the entertainment giant's stock worth $162,000 after buying an additional 700 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Walt Disney by 18.8% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 27,241 shares of the entertainment giant's stock worth $3,037,000 after acquiring an additional 4,318 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DIS shares. Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Loop Capital boosted 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. TD Cowen boosted their target price on Walt Disney from $108.00 to $123.00 and gave the company a "hold" rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Evercore ISI upped their target price on Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $125.44.

Walt Disney Trading Up 1.2 %

Shares of NYSE:DIS traded up $1.32 on Wednesday, hitting $111.85. 5,802,819 shares of the company's stock were exchanged, compared to its average volume of 8,120,039. The stock has a market capitalization of $202.20 billion, a price-to-earnings ratio of 36.43, a price-to-earnings-growth ratio of 1.80 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 business's 50 day simple moving average is $110.63 and its two-hundred day simple moving average is $102.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal 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 a boost from Walt Disney's previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is presently 32.57%.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated 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 owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

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.