ING Groep NV raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 58.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 760,067 shares of the entertainment giant's stock after purchasing an additional 280,404 shares during the quarter. Walt Disney makes up approximately 0.6% of ING Groep NV's portfolio, making the stock its 29th largest holding. ING Groep NV's holdings in Walt Disney were worth $84,633,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Concurrent Investment Advisors LLC boosted its stake in Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant's stock worth $6,420,000 after purchasing an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock worth $1,001,454,000 after buying an additional 114,701 shares in the last quarter. Brookstone Capital Management grew its stake in Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $15,687,000 after acquiring an additional 13,339 shares in the last quarter. Summit Global Investments grew its stake in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant's stock valued at $1,191,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in Walt Disney during the 4th quarter worth approximately $15,125,000. Institutional investors own 65.71% of the company's stock.
Analysts Set New Price Targets
DIS has been the subject of a number of recent analyst reports. Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Guggenheim boosted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Bank of America lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company upped their price objective 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. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.85.
Check Out Our Latest Stock Analysis on DIS
Insider Buying and Selling at Walt Disney
In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.
Walt Disney Trading Down 0.7 %
Shares of DIS stock traded down $0.83 during mid-day trading on Thursday, reaching $110.52. The stock had a trading volume of 5,963,402 shares, compared to its average volume of 8,224,447. The firm has a market capitalization of $199.80 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42. The stock's 50-day moving average price is $110.88 and its two-hundred day moving average price is $102.29. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. 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 posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities analysts expect that The Walt Disney Company will post 5.47 earnings per share 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. Investors of record on Monday, December 16th were given 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 32.57%.
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.
Featured Articles
Before you consider Walt Disney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walt Disney wasn't on the list.
While Walt Disney currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
