Commerzbank Aktiengesellschaft FI grew its position in Walt Disney Co (NYSE:DIS) by 50.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 551,274 shares of the entertainment giant’s stock after acquiring an additional 185,770 shares during the quarter. Walt Disney comprises 0.8% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 22nd largest position. Commerzbank Aktiengesellschaft FI’s holdings in Walt Disney were worth $79,731,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. JJJ Advisors Inc. lifted its position 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 buying an additional 120 shares in the last quarter. Garrett Wealth Advisory Group LLC purchased a new position in Walt Disney during the third quarter worth approximately $36,000. Advocacy Wealth Management Services LLC lifted its position 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 buying an additional 132 shares in the last quarter. NewSquare Capital LLC lifted its position 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 buying an additional 77 shares in the last quarter. Finally, Price Wealth LLC lifted its position in Walt Disney by 601.8% during the fourth quarter. Price Wealth LLC now owns 400 shares of the entertainment giant’s stock worth $58,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 64.07% of the company’s stock.
In other news, CFO Christine M. Mccarthy sold 4,617 shares of Walt Disney stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total value of $642,686.40. Following the completion of the sale, the chief financial officer now directly owns 135,756 shares of the company’s stock, valued at $18,897,235.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan N. Braverman sold 3,107 shares of Walt Disney stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $146.14, for a total value of $454,056.98. Following the completion of the sale, the executive vice president now directly owns 104,358 shares of the company’s stock, valued at $15,250,878.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,837 shares of company stock valued at $2,759,138. 0.36% of the stock is owned by insiders.
DIS stock opened at $144.33 on Friday. The business has a fifty day moving average of $146.53 and a two-hundred day moving average of $139.70. 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 $261.56 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 5.71 and a beta of 1.00. Walt Disney Co has a 52-week low of $107.32 and a 52-week high of $153.41.
Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.12. The company had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 earnings per share. As a group, sell-side analysts anticipate that Walt Disney Co will post 5.34 EPS for the current year.
The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 1.2%. Walt Disney’s dividend payout ratio (DPR) is 30.50%.
A number of equities analysts recently commented on the company. UBS Group lifted their price objective on Walt Disney from $155.00 to $162.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research report on Friday, September 27th. Credit Suisse Group set a $163.00 price objective on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Imperial Capital reiterated a “hold” rating and set a $143.00 price objective on shares of Walt Disney in a research report on Tuesday, December 10th. Finally, Consumer Edge assumed coverage on Walt Disney in a research report on Monday, November 25th. They set an “overweight” rating and a $175.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $154.18.
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.
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