Independent Investors Inc. boosted its position in shares of Walt Disney Co (NYSE:DIS) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 50,395 shares of the entertainment giant’s stock after purchasing an additional 255 shares during the quarter. Walt Disney comprises about 2.4% of Independent Investors Inc.’s holdings, making the stock its 10th biggest holding. Independent Investors Inc.’s holdings in Walt Disney were worth $7,288,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Boenning & Scattergood Inc. lifted its stake in Walt Disney by 5.8% during the 4th quarter. Boenning & Scattergood Inc. now owns 24,784 shares of the entertainment giant’s stock valued at $3,585,000 after acquiring an additional 1,352 shares during the period. Ingalls & Snyder LLC lifted its stake in Walt Disney by 0.6% during the 4th quarter. Ingalls & Snyder LLC now owns 118,891 shares of the entertainment giant’s stock valued at $17,195,000 after acquiring an additional 664 shares during the period. Capital City Trust Co. FL lifted its stake in Walt Disney by 3.4% during the 4th quarter. Capital City Trust Co. FL now owns 11,616 shares of the entertainment giant’s stock valued at $1,680,000 after acquiring an additional 379 shares during the period. Foresight Wealth Management LLC lifted its stake in Walt Disney by 1.7% during the 4th quarter. Foresight Wealth Management LLC now owns 5,553 shares of the entertainment giant’s stock valued at $803,000 after acquiring an additional 93 shares during the period. Finally, Campbell Wealth Management bought a new position in Walt Disney during the 4th quarter valued at about $221,000. 64.07% of the stock is currently owned by institutional investors.
In other Walt Disney news, CFO Christine M. Mccarthy sold 4,617 shares of the firm’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 sale, the chief financial officer now owns 135,756 shares in the company, valued at approximately $18,897,235.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alan N. Braverman sold 1,113 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $146.32, for a total transaction of $162,854.16. Following the sale, the executive vice president now owns 102,789 shares in the company, valued at approximately $15,040,086.48. The disclosure for this sale can be found here. Insiders sold a total of 18,837 shares of company stock worth $2,759,138 in the last quarter. Company insiders own 0.36% of the company’s stock.
Several equities analysts have issued reports on DIS shares. Argus upped their target price on shares of Walt Disney from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Loop Capital upped their target price on shares of Walt Disney from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Consumer Edge started coverage on shares of Walt Disney in a research note on Monday, November 25th. They set an “overweight” rating and a $175.00 target price on the stock. Evercore ISI restated a “buy” rating and set a $155.00 target price on shares of Walt Disney in a research note on Monday, November 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and an average price target of $154.31.
Shares of NYSE:DIS opened at $144.32 on Thursday. The firm’s 50 day moving average price is $146.80 and its 200-day moving average price is $139.65. Walt Disney Co has a twelve month low of $107.32 and a twelve month high of $153.41. 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 capitalization of $261.71 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 5.70 and a beta of 1.00.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.12. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The firm had revenue of $19.10 billion for the quarter, compared to analysts’ expectations of $19.02 billion. During the same quarter in the prior year, the business earned $1.48 EPS. The business’s quarterly revenue was up 33.6% on a year-over-year basis. Analysts expect that Walt Disney Co will post 5.35 earnings per share for the current fiscal year.
The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be paid a $0.88 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, December 13th. Walt Disney’s dividend payout ratio (DPR) is presently 30.50%.
Walt Disney Profile
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.
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