Border to Coast Pensions Partnership Ltd Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Border to Coast Pensions Partnership Ltd raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 442,608 shares of the entertainment giant's stock after acquiring an additional 56,974 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Walt Disney were worth $49,252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Farmers Trust Co. lifted its stake in shares of Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock worth $945,000 after purchasing an additional 92 shares during the last quarter. Smithfield Trust Co increased its position in shares of Walt Disney by 0.5% in the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant's stock valued at $1,809,000 after acquiring an additional 102 shares during the period. Drucker Wealth 3.0 LLC raised its stake in shares of Walt Disney by 0.9% in the third quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant's stock worth $1,121,000 after purchasing an additional 106 shares during the last quarter. Connable Office Inc. boosted its holdings in shares of Walt Disney by 0.3% in the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant's stock valued at $3,371,000 after acquiring an additional 108 shares during the last quarter. Finally, Cozad Asset Management Inc. boosted its holdings in Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant's stock valued at $579,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Guggenheim lifted 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Seaport Res Ptn upgraded Walt Disney from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Needham & Company LLC increased their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Piper Sandler started coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price target on the stock. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.54.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the 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 sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company's stock.

Walt Disney Price Performance

DIS traded up $0.61 during trading on Friday, reaching $107.07. The stock had a trading volume of 7,096,777 shares, compared to its average volume of 6,844,728. The stock has a 50 day moving average of $111.92 and a two-hundred day moving average of $99.62. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $22.49 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate 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. Shareholders of record on Monday, December 16th were given a $0.50 dividend. This is an increase 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 payout ratio is presently 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.