Strategic Investment Advisors MI Invests $382,000 in The Walt Disney Company (NYSE:DIS)

Strategic Investment Advisors MI acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,434 shares of the entertainment giant's stock, valued at approximately $382,000.

Other large investors have also recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in Walt Disney by 6.6% in the second quarter. NewEdge Advisors LLC now owns 107,283 shares of the entertainment giant's stock valued at $10,652,000 after purchasing an additional 6,686 shares during the last quarter. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the 2nd quarter valued at about $32,000. Invst LLC grew its position in shares of Walt Disney by 2.0% in the 2nd quarter. Invst LLC now owns 18,149 shares of the entertainment giant's stock worth $1,779,000 after buying an additional 348 shares during the last quarter. Regal Investment Advisors LLC raised its stake in shares of Walt Disney by 8.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 19,281 shares of the entertainment giant's stock worth $1,914,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in Walt Disney in the second quarter valued at approximately $13,702,000. Institutional investors own 65.71% of the company's stock.

Insider Activity

In other 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 transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company's stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction dated 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 directly owns 44,055 shares of the company's stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by insiders.

Walt Disney Trading Down 1.0 %

Shares of NYSE DIS traded down $1.08 during trading on Tuesday, hitting $112.26. 6,511,086 shares of the company traded hands, compared to its average volume of 7,376,900. The company has a 50-day moving average price of $112.45 and a 200-day moving average price of $100.22. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. 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 firm has a market capitalization of $203.30 billion, a P/E 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 released 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 net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. 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 was Monday, December 16th. Walt Disney's dividend payout ratio is presently 36.90%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 30th. Macquarie restated a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Finally, Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.52.

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.