Herbst Group LLC lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,698 shares of the entertainment giant's stock after selling 4,350 shares during the quarter. Herbst Group LLC's holdings in Walt Disney were worth $2,082,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. State Street Corp lifted its position in Walt Disney by 0.6% during the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock worth $7,463,978,000 after acquiring an additional 490,681 shares during the period. Geode Capital Management LLC raised its stake in shares of Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock valued at $3,609,833,000 after buying an additional 1,393,082 shares during the last quarter. FMR LLC lifted its holdings in shares of Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after buying an additional 2,765,389 shares during the period. Legal & General Group Plc boosted its stake in shares of Walt Disney by 3.1% in the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock worth $1,417,958,000 after buying an additional 425,438 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Walt Disney by 3.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant's stock worth $1,332,297,000 after acquiring an additional 454,678 shares during the period. Hedge funds and other 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 Walt Disney stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this link. 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 $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 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by company insiders.
Walt Disney Trading Up 0.6 %
Shares of NYSE DIS traded up $0.61 during mid-day trading on Friday, reaching $107.07. 7,103,097 shares of the company's stock were exchanged, compared to its average volume of 6,534,095. The company's 50-day moving average is $112.08 and its 200-day moving average is $99.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.
Walt Disney (NYSE:DIS - Get Free Report) last released 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 net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business's revenue was up 6.3% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.
Walt Disney Increases Dividend
The company 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. 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 dividend yield of 0.6%. Walt Disney's payout ratio is presently 36.90%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on DIS. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price target for the company. Sanford C. Bernstein increased their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Loop Capital increased their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Five investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.54.
Check Out Our Latest Stock Analysis 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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