Swedbank AB lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,361,792 shares of the entertainment giant's stock after purchasing an additional 422,339 shares during the quarter. Swedbank AB owned approximately 0.19% of Walt Disney worth $374,336,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the 2nd quarter worth $32,000. Cedar Mountain Advisors LLC boosted its stake in Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock worth $44,000 after purchasing an additional 110 shares during the period. Friedenthal Financial acquired a new position in Walt Disney in the 4th quarter valued at about $49,000. Retirement Wealth Solutions LLC acquired a new position in Walt Disney in the 4th quarter valued at about $50,000. Finally, Birch Capital Management LLC acquired a new position in Walt Disney in the 4th quarter valued at about $56,000. 65.71% of the stock is owned by institutional investors and hedge funds.
Walt Disney Price Performance
Shares of NYSE:DIS traded up $0.94 on Wednesday, hitting $113.08. The company had a trading volume of 7,601,327 shares, compared to its average volume of 7,389,669. The company has a market cap of $204.79 billion, a PE ratio of 41.73, a PEG ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. 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 business has a 50 day moving average of $112.45 and a 200 day moving average of $100.33.
Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to analysts' expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm's revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. As a group, equities analysts anticipate 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 declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney's dividend payout ratio (DPR) is presently 36.90%.
Insider Buying and Selling
In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm'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 completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % 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, CEO Robert A. Iger sold 372,412 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 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 valued at $44,153,263. Company insiders own 0.10% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on DIS. Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price objective for the company. Evercore ISI lifted their target price 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. Rosenblatt Securities increased their price target on shares of Walt Disney from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Guggenheim raised their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Five equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.52.
Read Our Latest 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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