Cibc World Market Inc. raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 52.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,079,191 shares of the entertainment giant's stock after purchasing an additional 370,531 shares during the period. Cibc World Market Inc. owned 0.06% of Walt Disney worth $120,168,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Cedar Mountain Advisors LLC increased its position in shares of Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock valued at $44,000 after acquiring an additional 110 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $49,000. First PREMIER Bank increased its position in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Walt Disney in the 4th quarter worth approximately $50,000. Finally, FSA Wealth Management LLC bought a new stake in Walt Disney in the 3rd quarter worth approximately $51,000. Institutional investors own 65.71% of the company's stock.
Insider Activity at Walt Disney
In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business's 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 sale, the chief executive officer now directly owns 226,767 shares of the company's stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 44,055 shares of the company's stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.16% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Wells Fargo & Company lifted 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. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price for the company. Rosenblatt Securities lifted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Guggenheim lifted 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.52.
Read Our Latest Analysis on DIS
Walt Disney Stock Performance
Walt Disney stock opened at $113.30 on Friday. The company's 50-day moving average price is $112.43 and its 200-day moving average price is $100.44. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market cap of $204.89 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43.
Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.
Walt Disney Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a yield of 0.6%. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney's dividend payout ratio is presently 36.90%.
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.
Further Reading
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).
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