The Walt Disney Company (NYSE:DIS) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 480,150 shares of the entertainment giant's stock after purchasing an additional 6,447 shares during the quarter. Walt Disney makes up approximately 1.4% of Stonegate Investment Group LLC's investment portfolio, making the stock its 27th largest position. Stonegate Investment Group LLC's holdings in Walt Disney were worth $53,465,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock valued at $7,463,978,000 after purchasing an additional 490,681 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Walt Disney by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock worth $3,609,833,000 after acquiring an additional 1,393,082 shares during the last quarter. FMR LLC raised its holdings in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Walt Disney by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant's stock valued at $1,332,297,000 after acquiring an additional 454,678 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock valued at $1,001,454,000 after purchasing an additional 114,701 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DIS shares. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Needham & Company LLC upped their price objective on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 15th. Macquarie reissued a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Jefferies Financial Group began coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price target on the stock. Finally, Sanford C. Bernstein boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, November 15th. Five investment 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.52.

Walt Disney Stock Down 1.0 %

Shares of DIS stock traded down $1.08 during trading hours on Tuesday, reaching $112.26. 6,511,086 shares of the stock were exchanged, compared to its average volume of 7,376,900. The business's fifty day moving average is $112.45 and its two-hundred day moving average is $100.22. 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. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company's revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. As a group, research analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently disclosed 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. This is a boost from Walt Disney's previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney's dividend payout ratio is currently 36.90%.

Insider Activity

In related news, EVP Brent Woodford sold 5,000 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company's stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by insiders.

Walt Disney Company 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.