Greenup Street Wealth Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,832 shares of the entertainment giant's stock, valued at approximately $1,652,000.
A number of other institutional investors have also bought and sold shares of DIS. Concurrent Investment Advisors LLC boosted its stake in Walt Disney by 8.4% in the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant's stock valued at $6,420,000 after acquiring an additional 5,184 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Walt Disney by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock valued at $1,001,454,000 after purchasing an additional 114,701 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $15,687,000 after buying an additional 13,339 shares in the last quarter. Summit Global Investments boosted its holdings in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant's stock worth $1,191,000 after acquiring an additional 10,230 shares during the period. Finally, Avanza Fonder AB purchased a new stake in Walt Disney in the 4th quarter worth approximately $15,125,000. Institutional investors own 65.71% of the company's stock.
Walt Disney Stock Down 0.7 %
Shares of DIS stock traded down $0.76 on Tuesday, reaching $112.59. 3,957,001 shares of the stock were exchanged, compared to its average volume of 7,214,022. The Walt Disney Company has a twelve month low of $83.91 and a twelve 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. The company has a market capitalization of $203.88 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 1.95 and a beta of 1.43. The business's 50 day moving average price is $112.45 and its 200 day moving average price is $100.22.
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. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the prior year, the company posted $0.82 earnings per share. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.
Walt Disney Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney's previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney's payout ratio is 36.90%.
Insider Buying and Selling
In other news, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last quarter. 0.10% of the stock is owned by insiders.
Analyst Ratings Changes
DIS has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. 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 research report on Monday, November 18th. Citigroup reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. TD Cowen lifted 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. Finally, Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price objective for the company. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $125.52.
Check Out Our Latest Report on DIS
About Walt Disney
(
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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