Thurston Springer Miller Herd & Titak Inc. Has $449,000 Stake in The Walt Disney Company (NYSE:DIS)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in The Walt Disney Company (NYSE:DIS) by 53.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,033 shares of the entertainment giant’s stock after buying an additional 1,406 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Walt Disney were worth $449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its holdings in shares of Walt Disney by 6.2% in the 4th quarter. Park Avenue Securities LLC now owns 70,226 shares of the entertainment giant’s stock valued at $7,818,000 after acquiring an additional 4,083 shares in the last quarter. Kathmere Capital Management LLC grew its stake in Walt Disney by 33.8% in the fourth quarter. Kathmere Capital Management LLC now owns 4,762 shares of the entertainment giant’s stock valued at $530,000 after purchasing an additional 1,204 shares in the last quarter. Crestmont Private Wealth LLC acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $201,000. Pines Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $625,000. Finally, Accurate Wealth Management LLC boosted its holdings in shares of Walt Disney by 12.4% in the 4th quarter. Accurate Wealth Management LLC now owns 4,247 shares of the entertainment giant’s stock valued at $461,000 after buying an additional 467 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DIS. Jefferies Financial Group assumed coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Guggenheim boosted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Price Performance

DIS stock opened at $108.12 on Thursday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The business has a 50-day simple moving average of $111.58 and a 200 day simple moving average of $99.51. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market cap of $195.80 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. 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 will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be issued a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

About Walt Disney

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.