Patriot Financial Group Insurance Agency LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,541 shares of the entertainment giant's stock after selling 2,528 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Walt Disney were worth $1,953,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of Walt Disney by 6.6% during the 2nd quarter. NewEdge Advisors LLC now owns 107,283 shares of the entertainment giant's stock worth $10,652,000 after purchasing an additional 6,686 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the 2nd quarter worth approximately $32,000. Invst LLC raised its position in shares of Walt Disney by 2.0% during the 2nd quarter. Invst LLC now owns 18,149 shares of the entertainment giant's stock worth $1,779,000 after purchasing an additional 348 shares during the period. Regal Investment Advisors LLC increased its position in Walt Disney by 8.5% in the 2nd quarter. Regal Investment Advisors LLC now owns 19,281 shares of the entertainment giant's stock valued at $1,914,000 after acquiring an additional 1,508 shares during the period. Finally, Kimelman & Baird LLC acquired a new stake in Walt Disney in the 2nd quarter valued at approximately $13,702,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on DIS shares. Rosenblatt Securities raised their target price on Walt Disney from $122.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Wells Fargo & Company raised their target price on Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Piper Sandler started coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 target price on the stock. Bank of America raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Seaport Res Ptn upgraded Walt Disney from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and an average target price of $125.52.
Read Our Latest Research Report on DIS
Insider Buying and Selling
In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, 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 transaction was disclosed in a filing 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 dated 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 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. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.10% of the company's stock.
Walt Disney Stock Down 1.0 %
Shares of NYSE:DIS traded down $1.08 during midday trading on Tuesday, hitting $112.26. 6,511,086 shares of the stock were exchanged, compared to its average volume of 7,376,900. 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 Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The business's fifty day simple moving average is $112.45 and its two-hundred day simple moving average is $100.22. The company has a market capitalization of $203.30 billion, a PE ratio of 41.43, a P/E/G ratio of 1.95 and a beta of 1.43.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $22.49 billion. During the same period last year, the company earned $0.82 earnings per share. Walt Disney's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 5.41 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 issued a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is a positive change 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 (DPR) is currently 36.90%.
Walt Disney Profile
(
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.
Further Reading
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
