Avaii Wealth Management LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,141 shares of the entertainment giant’s stock after selling 225 shares during the quarter. Avaii Wealth Management LLC’s holdings in Walt Disney were worth $238,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. State Street Corp grew its stake in shares of Walt Disney by 0.6% in the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after purchasing an additional 490,681 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after purchasing an additional 1,393,082 shares during the period. FMR LLC grew its position in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Walt Disney by 3.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock valued at $1,332,297,000 after buying an additional 454,678 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after buying an additional 114,701 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.
Wall Street Analyst Weigh In
DIS has been the topic of a number of research reports. Sanford C. Bernstein upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Needham & Company LLC raised their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” 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 company a “buy” rating in a research note on Friday, November 15th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company lifted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.
Walt Disney Stock Up 1.1 %
Shares of DIS opened at $112.25 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The company has a 50-day simple moving average of $112.46 and a 200-day simple moving average of $100.07. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a market capitalization of $203.28 billion, a P/E ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43.
Walt Disney (NYSE:DIS – Get Free Report) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. On average, equities research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current year.
Walt Disney Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 36.90%.
Insider Activity
In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by corporate insiders.
Walt Disney Company Profile
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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