The Walt Disney Company (NYSE:DIS) Shares Purchased by Ade LLC

by · The Markets Daily

Ade LLC raised its position in The Walt Disney Company (NYSE:DIS – Free Report) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,573 shares of the entertainment giant’s stock after acquiring an additional 150 shares during the quarter. Ade LLC’s holdings in Walt Disney were worth $286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lmcg Investments LLC grew its stake in shares of Walt Disney by 4.8% in the fourth quarter. Lmcg Investments LLC now owns 154,424 shares of the entertainment giant’s stock worth $17,195,000 after acquiring an additional 7,071 shares in the last quarter. Reliant Investment Management LLC boosted its holdings in Walt Disney by 0.4% in the fourth quarter. Reliant Investment Management LLC now owns 41,500 shares of the entertainment giant’s stock valued at $4,621,000 after purchasing an additional 178 shares during the period. Mitchell & Pahl Private Wealth LLC grew its stake in Walt Disney by 3.1% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 21,339 shares of the entertainment giant’s stock worth $2,376,000 after purchasing an additional 635 shares in the last quarter. Ballentine Partners LLC increased its holdings in Walt Disney by 9.2% during the 4th quarter. Ballentine Partners LLC now owns 26,645 shares of the entertainment giant’s stock worth $2,967,000 after purchasing an additional 2,251 shares during the period. Finally, ZWJ Investment Counsel Inc. raised its position in Walt Disney by 6.9% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 8,339 shares of the entertainment giant’s stock valued at $929,000 after purchasing an additional 541 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.6 %

DIS opened at $107.07 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a P/E/G ratio of 1.91 and a beta of 1.43. The business has a 50 day simple moving average of $112.08 and a 200-day simple moving average of $99.70.

Walt Disney (NYSE:DIS – Get Free Report) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company 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 firm earned $0.82 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were 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 of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DIS. Rosenblatt Securities boosted their price objective on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Needham & Company LLC increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI raised their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.54.

Read Our Latest Stock Analysis on DIS

Walt Disney Company 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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