Kidder Stephen W increased its stake in Walt Disney Co (NYSE:DIS) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,618 shares of the entertainment giant’s stock after acquiring an additional 3,280 shares during the period. Walt Disney makes up approximately 2.2% of Kidder Stephen W’s investment portfolio, making the stock its 22nd biggest position. Kidder Stephen W’s holdings in Walt Disney were worth $6,019,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JJJ Advisors Inc. boosted its stake 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 during the period. Garrett Wealth Advisory Group LLC bought a new position in Walt Disney during the third quarter valued at $36,000. Advocacy Wealth Management Services LLC raised its stake in shares of Walt Disney by 52.8% in the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 132 shares during the period. NewSquare Capital LLC raised its stake in shares of Walt Disney by 24.9% in the second quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock valued at $54,000 after acquiring an additional 77 shares during the period. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth about $60,000. Institutional investors own 64.07% of the company’s stock.
Shares of NYSE:DIS opened at $144.32 on Thursday. The firm has a market cap 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. The firm’s 50 day simple moving average is $146.80 and its 200-day simple moving average is $139.65. Walt Disney Co has a one year low of $107.32 and a one year high of $153.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.90.
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, December 13th. This represents a yield of 1.2%. Walt Disney’s payout ratio is currently 30.50%.
In other Walt Disney news, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $152.16, for a total transaction of $608,640.00. Following the transaction, the executive vice president now owns 36,479 shares of the company’s stock, valued at approximately $5,550,644.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christine M. Mccarthy sold 4,617 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total transaction of $642,686.40. Following the completion of the sale, the chief financial officer now 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. Over the last ninety days, insiders have sold 18,837 shares of company stock valued at $2,759,138. 0.36% of the stock is currently owned by corporate insiders.
A number of equities analysts recently commented on DIS shares. Deutsche Bank lifted their price target on shares of Walt Disney from $132.00 to $139.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Needham & Company LLC reissued 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 shares of Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Argus raised their price objective on shares of Walt Disney from $143.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Imperial Capital restated a “hold” rating and set a $143.00 target price on shares of Walt Disney in a research report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $154.31.
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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