The Walt Disney Company (NYSE:DIS) Shares Sold by Chesley Taft & Associates LLC

by · The Cerbat Gem

Chesley Taft & Associates LLC decreased its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 184,264 shares of the entertainment giant’s stock after selling 2,827 shares during the period. Chesley Taft & Associates LLC’s holdings in Walt Disney were worth $20,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at $32,000. Friedenthal Financial acquired a new position in shares of Walt Disney in the fourth quarter valued at about $49,000. Retirement Wealth Solutions LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $50,000. Birch Capital Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $56,000. Finally, First PREMIER Bank lifted its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on DIS. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. TD Cowen raised their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.54.

View Our Latest Stock Report on Walt Disney

Walt Disney Trading Up 0.6 %

DIS stock opened at $107.07 on Tuesday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s 50-day moving average is $112.20 and its 200 day moving average is $99.76. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock has a market cap of $193.90 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.91 and a beta of 1.43.

Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. This represents a dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio is 36.90%.

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. Corporate insiders own 0.10% of the company’s stock.

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.

See Also

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