Integrated Investment Consultants LLC Acquires 7,360 Shares of The Walt Disney Company (NYSE:DIS)

Integrated Investment Consultants LLC grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,653 shares of the entertainment giant's stock after purchasing an additional 7,360 shares during the quarter. Integrated Investment Consultants LLC's holdings in Walt Disney were worth $7,867,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the 2nd quarter worth approximately $32,000. Friedenthal Financial acquired a new stake in shares of Walt Disney in the 4th quarter valued at $49,000. First PREMIER Bank raised its position in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock worth $50,000 after acquiring an additional 256 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $50,000. Finally, FSA Wealth Management LLC bought a new position in Walt Disney in the third quarter valued at about $51,000. Institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

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. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DIS. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Guggenheim increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 15th. Bank of America raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Piper Sandler initiated coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a "neutral" rating and a $95.00 target price for the company. Finally, Rosenblatt Securities raised their price target on Walt Disney from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.54.

Walt Disney Stock Up 0.6 %

Shares of DIS stock traded up $0.61 on Friday, hitting $107.07. 7,103,097 shares of the stock were exchanged, compared to its average volume of 6,534,095. The business has a 50-day moving average of $111.92 and a 200 day moving average of $99.62. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $22.57 billion during the quarter, compared to analysts' expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. Equities analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney's payout ratio is presently 36.90%.

About Walt Disney

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.