Sterling Investment Counsel LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,871 shares of the entertainment giant's stock after selling 8,671 shares during the quarter. Sterling Investment Counsel LLC's holdings in Walt Disney were worth $876,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant's stock worth $329,585,000 after buying an additional 3,399,359 shares in the last quarter. FMR LLC raised its stake in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Van ECK Associates Corp grew its position in Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant's stock worth $414,582,000 after buying an additional 2,298,921 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock valued at $398,508,000 after purchasing an additional 2,188,610 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock valued at $3,609,833,000 after acquiring an additional 1,393,082 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.
Walt Disney Stock Performance
Shares of NYSE DIS traded down $1.08 during midday trading on Tuesday, reaching $112.26. The company's stock had a trading volume of 6,505,833 shares, compared to its average volume of 7,374,364. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $203.30 billion, a P/E ratio of 41.43, a PEG ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a 50 day moving average price of $112.45 and a 200-day moving average price of $100.22.
Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Walt Disney's revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. As a group, equities analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.
Walt Disney Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date 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 dividend payout ratio (DPR) is 36.90%.
Insider Transactions at Walt Disney
In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were 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. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 over the last ninety days. Insiders own 0.10% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on DIS shares. Raymond James reiterated a "market perform" rating on shares of Walt Disney in a report on Tuesday, October 1st. Loop Capital boosted their price objective 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 upgraded shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 30th. Rosenblatt Securities upped their price target on Walt Disney from $122.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, Macquarie reissued a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.52.
Check Out Our Latest Research Report on DIS
Walt Disney Company 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.
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