Ingalls & Snyder LLC raised its stake in Walt Disney Co (NYSE:DIS) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,891 shares of the entertainment giant’s stock after purchasing an additional 664 shares during the period. Walt Disney accounts for 0.9% of Ingalls & Snyder LLC’s holdings, making the stock its 29th biggest holding. Ingalls & Snyder LLC’s holdings in Walt Disney were worth $17,195,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. JJJ Advisors Inc. boosted its holdings in Walt Disney by 96.8% during the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock worth $32,000 after purchasing an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC purchased a new position in Walt Disney during the third quarter worth about $36,000. Advocacy Wealth Management Services LLC boosted its holdings in Walt Disney by 52.8% during the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 132 shares during the last quarter. NewSquare Capital LLC boosted its holdings in Walt Disney by 24.9% during the second quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock worth $54,000 after purchasing an additional 77 shares during the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in Walt Disney during the third quarter worth about $60,000. 64.07% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Alan N. Braverman sold 1,113 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $146.32, for a total value of $162,854.16. Following the sale, the executive vice president now owns 102,789 shares of the company’s stock, valued at $15,040,086.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Christine M. Mccarthy sold 4,617 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total transaction of $642,686.40. Following the completion of the sale, the chief financial officer now directly owns 135,756 shares in the company, valued at approximately $18,897,235.20. The disclosure for this sale can be found here. In the last three months, insiders sold 18,837 shares of company stock worth $2,759,138. Insiders own 0.36% of the company’s stock.
DIS opened at $144.32 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The stock has a market cap of $261.71 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 5.70 and a beta of 1.00. Walt Disney Co has a twelve month low of $107.32 and a twelve month high of $153.41. The company’s 50-day moving average price is $146.80 and its two-hundred day moving average price is $139.65.
Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.12. The firm had revenue of $19.10 billion for the quarter, compared to analysts’ expectations of $19.02 billion. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 earnings per share. As a group, sell-side analysts anticipate that Walt Disney Co will post 5.35 earnings per share for the current year.
The business also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a $0.88 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 13th. Walt Disney’s payout ratio is 30.50%.
Several research analysts recently weighed in on DIS shares. Imperial Capital restated a “hold” rating and set a $143.00 price target on shares of Walt Disney in a report on Tuesday, December 10th. Credit Suisse Group set a $163.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a report on Wednesday, November 13th. Consumer Edge started coverage on shares of Walt Disney in a report on Monday, November 25th. They set an “overweight” rating and a $175.00 price target on the stock. Deutsche Bank boosted their price target on shares of Walt Disney from $132.00 to $139.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $160.00 price target on shares of Walt Disney in a report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $154.31.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
Further Reading: Risk Tolerance
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