Lmcg Investments LLC Purchases 7,071 Shares of The Walt Disney Company (NYSE:DIS)

Lmcg Investments LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,424 shares of the entertainment giant's stock after purchasing an additional 7,071 shares during the period. Walt Disney accounts for approximately 1.1% of Lmcg Investments LLC's investment portfolio, making the stock its 23rd biggest holding. Lmcg Investments LLC's holdings in Walt Disney were worth $17,195,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Reliant Investment Management LLC raised its position in shares of Walt Disney by 0.4% in the fourth quarter. Reliant Investment Management LLC now owns 41,500 shares of the entertainment giant's stock valued at $4,621,000 after buying an additional 178 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in Walt Disney by 3.1% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 21,339 shares of the entertainment giant's stock valued at $2,376,000 after acquiring an additional 635 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Walt Disney by 9.2% during the 4th quarter. Ballentine Partners LLC now owns 26,645 shares of the entertainment giant's stock valued at $2,967,000 after acquiring an additional 2,251 shares during the period. ZWJ Investment Counsel Inc. lifted its position in shares of Walt Disney by 6.9% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 8,339 shares of the entertainment giant's stock valued at $929,000 after acquiring an additional 541 shares during the period. Finally, Pure Financial Advisors LLC grew its holdings in shares of Walt Disney by 9.8% during the 4th quarter. Pure Financial Advisors LLC now owns 12,720 shares of the entertainment giant's stock worth $1,416,000 after purchasing an additional 1,135 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company's stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last quarter. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DIS. Piper Sandler initiated 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. Loop Capital upped their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Seaport Res Ptn raised shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 30th. Sanford C. Bernstein upped their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $125.54.

Walt Disney Trading Up 1.6 %

Shares of NYSE DIS traded up $1.70 during trading on Tuesday, reaching $108.72. The company had a trading volume of 8,632,767 shares, compared to its average volume of 7,000,367. The stock has a market cap of $196.89 billion, a P/E ratio of 40.12, a PEG ratio of 1.91 and a beta of 1.43. The company's fifty day moving average price is $112.20 and its 200-day moving average price is $99.76. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

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

Walt Disney Increases Dividend

The company 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 represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's dividend payout ratio (DPR) is currently 36.90%.

Walt Disney Profile

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.