Harel Insurance Investments & Financial Services Ltd. cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 96.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 616 shares of the entertainment giant's stock after selling 17,475 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Walt Disney were worth $69,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $32,000. Friedenthal Financial purchased a new stake in Walt Disney in the fourth quarter worth $49,000. First PREMIER Bank raised its position in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock valued at $50,000 after purchasing an additional 256 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Walt Disney during the 4th quarter valued at about $50,000. Finally, FSA Wealth Management LLC purchased a new stake in Walt Disney in the 3rd quarter worth approximately $51,000. 65.71% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DIS has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. TD Cowen boosted their price objective on Walt Disney from $108.00 to $123.00 and gave the company a "hold" rating in a research report on Friday, November 15th. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price objective on the stock. Evercore ISI lifted their target price on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a 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 company's stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $125.52.
View Our Latest Report on Walt Disney
Insider Activity at Walt Disney
In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company's stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on 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 in the company, valued at $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 worth $44,153,263. Corporate insiders own 0.10% of the company's stock.
Walt Disney Stock Performance
DIS traded up $1.21 on Friday, reaching $112.25. The company had a trading volume of 8,299,776 shares, compared to its average volume of 5,629,405. The stock has a market capitalization of $203.28 billion, a PE ratio of 41.42, a P/E/G ratio of 1.95 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. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a 50-day moving average price of $112.46 and a 200-day moving average price of $100.08.
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. 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 analyst estimates of $22.49 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.
Walt Disney Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a dividend yield of 0.6%. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is 36.90%.
About Walt Disney
(
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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