High Net Worth Advisory Group LLC boosted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 48.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,102 shares of the entertainment giant's stock after acquiring an additional 2,315 shares during the period. High Net Worth Advisory Group LLC's holdings in Walt Disney were worth $791,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Regatta Capital Group LLC boosted its position in shares of Walt Disney by 3.9% in the 4th quarter. Regatta Capital Group LLC now owns 37,595 shares of the entertainment giant's stock worth $4,186,000 after purchasing an additional 1,427 shares during the last quarter. Navis Wealth Advisors LLC lifted its stake in Walt Disney by 10.9% in the fourth quarter. Navis Wealth Advisors LLC now owns 3,020 shares of the entertainment giant's stock valued at $336,000 after buying an additional 297 shares during the period. Clarendon Private LLC bought a new position in Walt Disney during the fourth quarter worth about $545,000. Moody Lynn & Lieberson LLC grew its position in shares of Walt Disney by 2.3% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 9,777 shares of the entertainment giant's stock worth $1,089,000 after buying an additional 221 shares during the period. Finally, Patton Albertson Miller Group LLC increased its stake in shares of Walt Disney by 7.8% in the 4th quarter. Patton Albertson Miller Group LLC now owns 52,865 shares of the entertainment giant's stock valued at $5,887,000 after acquiring an additional 3,827 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on DIS. Bank of America boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, November 15th. Guggenheim boosted their price target 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. Loop Capital raised their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Rosenblatt Securities boosted their target price on Walt Disney from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Citigroup restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.52.
View Our Latest Analysis on DIS
Insider Activity
In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. 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 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 $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last three months. Insiders own 0.10% of the company's stock.
Walt Disney Stock Up 0.9 %
Shares of NYSE DIS traded up $1.02 during trading hours on Monday, hitting $113.18. The company had a trading volume of 10,169,879 shares, compared to its average volume of 7,430,476. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. 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 firm's 50 day moving average is $112.46 and its 200-day moving average is $100.11. The stock has a market capitalization of $204.97 billion, a P/E ratio of 41.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The firm 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 company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. On average, analysts expect 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 disclosed 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. Walt Disney's dividend payout ratio is currently 36.90%.
Walt Disney 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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