Oak Harvest Investment Services purchased a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 61,660 shares of the entertainment giant's stock, valued at approximately $6,866,000.
Other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC raised its holdings in shares of Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock valued at $44,000 after acquiring an additional 110 shares in the last quarter. Friedenthal Financial purchased a new stake in Walt Disney in the fourth quarter valued at approximately $49,000. First PREMIER Bank lifted its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $50,000. Finally, FSA Wealth Management LLC bought a new position in shares of Walt Disney in the 3rd quarter worth $51,000. Institutional investors own 65.71% of the company's stock.
Analyst Upgrades and Downgrades
DIS has been the subject of several research reports. TD Cowen upped their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. Sanford C. Bernstein lifted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and raised their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. 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 report on Monday, November 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.52.
Check Out Our Latest Stock Analysis on Walt Disney
Insider Buying and Selling
In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business'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 sale, 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 position. The sale 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 Walt Disney 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 completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by company insiders.
Walt Disney Stock Performance
DIS stock opened at $113.30 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock's 50 day simple moving average is $112.43 and its 200 day simple moving average is $100.44. 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 stock has a market capitalization of $204.89 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43.
Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $22.49 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 5.41 earnings per share 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 given a dividend of $0.50 per share. This represents a yield of 0.6%. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney's payout ratio is 36.90%.
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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