Cacti Asset Management LLC Buys 12,170 Shares of The Walt Disney Company (NYSE:DIS)

Cacti Asset Management LLC increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 544,813 shares of the entertainment giant's stock after purchasing an additional 12,170 shares during the period. Walt Disney makes up 4.6% of Cacti Asset Management LLC's portfolio, making the stock its 8th biggest position. Cacti Asset Management LLC's holdings in Walt Disney were worth $60,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Founders Financial Securities LLC grew its position in Walt Disney by 8.4% during the 2nd quarter. Founders Financial Securities LLC now owns 14,603 shares of the entertainment giant's stock worth $1,450,000 after acquiring an additional 1,133 shares during the last quarter. Archer Investment Corp raised its holdings in shares of Walt Disney by 6.9% in the second quarter. Archer Investment Corp now owns 15,718 shares of the entertainment giant's stock valued at $1,561,000 after buying an additional 1,017 shares during the last quarter. FSB Premier Wealth Management Inc. lifted its position in Walt Disney by 43.7% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 4,729 shares of the entertainment giant's stock worth $470,000 after buying an additional 1,439 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant's stock worth $44,000 after acquiring an additional 122 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its position in Walt Disney by 5.1% in the 2nd quarter. Cozad Asset Management Inc. now owns 5,907 shares of the entertainment giant's stock valued at $587,000 after acquiring an additional 284 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of the firm'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 directly owns 226,767 shares of the company's stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DIS shares. 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. Needham & Company LLC increased their price objective on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.58.

Walt Disney Stock Down 0.5 %

DIS traded down $0.53 during trading on Thursday, hitting $110.82. The company had a trading volume of 5,679,378 shares, compared to its average volume of 10,703,737. The company has a market capitalization of $200.69 billion, a PE ratio of 40.89, a PEG ratio of 2.05 and a beta of 1.42. 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 one year low of $83.91 and a one year high of $123.74. The firm's 50-day moving average price is $109.06 and its 200 day moving average price is $99.01.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share 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 company had revenue of $22.57 billion during the quarter, compared to analysts' expectations of $22.49 billion. Walt Disney's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's payout ratio 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.