The Walt Disney Company (NYSE:DIS) Shares Purchased by Corundum Group Inc.

Corundum Group Inc. grew its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 117.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,601 shares of the entertainment giant's stock after buying an additional 7,348 shares during the quarter. Corundum Group Inc.'s holdings in Walt Disney were worth $1,514,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new position in Walt Disney during the second quarter worth $32,000. Friedenthal Financial acquired a new stake in Walt Disney in the 4th quarter worth about $49,000. First PREMIER Bank increased its stake in Walt Disney by 98.1% during the 3rd 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 acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Walt Disney in the third quarter valued at approximately $51,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company's stock in a transaction on 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 owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last three months. Insiders own 0.10% of the company's stock.

Walt Disney Stock Up 0.6 %

Shares of DIS stock traded up $0.61 during trading hours on Monday, reaching $107.07. 7,103,097 shares of the stock were exchanged, compared to its average volume of 6,534,095. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business's fifty day moving average is $112.08 and its two-hundred day moving average is $99.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company's revenue was up 6.3% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. 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 yield of 0.6%. Walt Disney's payout ratio is presently 36.90%.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Rosenblatt Securities increased their price objective on Walt Disney from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Evercore ISI raised 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. Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price objective for the company. 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 note on Friday, November 15th. Finally, Macquarie restated a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.54.

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.