Gardiner Nancy B Boosts Stock Position in Walt Disney Co (NYSE:DIS)

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Gardiner Nancy B increased its holdings in Walt Disney Co (NYSE:DIS) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,190 shares of the entertainment giant’s stock after purchasing an additional 105 shares during the period. Walt Disney makes up about 2.6% of Gardiner Nancy B’s investment portfolio, making the stock its 11th largest position. Gardiner Nancy B’s holdings in Walt Disney were worth $1,618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Phocas Financial Corp. raised its position in Walt Disney by 1,011,623.0% during the second quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock valued at $917,000 after purchasing an additional 65,684,679 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Walt Disney by 6,385.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 16,253,462 shares of the entertainment giant’s stock valued at $2,269,633,000 after purchasing an additional 16,002,838 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Walt Disney by 29.9% in the 2nd quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after purchasing an additional 6,386,504 shares during the period. Johanson Financial Advisors Inc. boosted its holdings in shares of Walt Disney by 15,514.4% in the 4th quarter. Johanson Financial Advisors Inc. now owns 3,938,107 shares of the entertainment giant’s stock worth $27,224,000 after purchasing an additional 3,912,886 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Walt Disney by 15.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,012,053 shares of the entertainment giant’s stock worth $3,073,763,000 after purchasing an additional 2,939,011 shares during the period. Institutional investors own 64.07% of the company’s stock.

A number of analysts recently issued reports on DIS shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $160.00 price target on shares of Walt Disney in a research report on Monday, November 25th. Loop Capital lifted their price objective on shares of Walt Disney from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reiterated a “buy” rating and set a $155.00 price objective on shares of Walt Disney in a research report on Monday, November 11th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Finally, Imperial Capital reissued a “hold” rating and issued a $143.00 target price on shares of Walt Disney in a research note on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $154.31.

In other news, EVP Brent Woodford sold 4,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $152.16, for a total transaction of $608,640.00. Following the completion of the sale, the executive vice president now owns 36,479 shares in the company, valued at approximately $5,550,644.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christine M. Mccarthy sold 4,617 shares of the firm’s 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 approximately $18,897,235.20. The disclosure for this sale can be found here. Insiders sold 18,837 shares of company stock valued at $2,759,138 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Walt Disney stock 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 firm has a market cap of $261.71 billion, a P/E ratio of 25.01, a P/E/G ratio of 5.70 and a beta of 1.00. The business has a fifty day moving average of $146.80 and a two-hundred day moving average of $139.65. Walt Disney Co has a twelve month low of $107.32 and a twelve month high of $153.41.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The business had revenue of $19.10 billion for the quarter, compared to the consensus estimate of $19.02 billion. During the same period last year, the business posted $1.48 EPS. The business’s revenue was up 33.6% compared to the same quarter last year. Equities analysts expect that Walt Disney Co will post 5.35 earnings per share for the current year.

The company also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be issued a $0.88 dividend. The ex-dividend date is Friday, December 13th. This represents a yield of 1.2%. Walt Disney’s dividend payout ratio is presently 30.50%.

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: Understanding debt-to-equity ratio in fundamental analysis

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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