Lockheed Martin Investment Management Co. Has $3.41 Million Position in The Walt Disney Company (NYSE:DIS)

Lockheed Martin Investment Management Co. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,630 shares of the entertainment giant’s stock after selling 420 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Walt Disney were worth $3,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp increased its holdings 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 valued at $7,463,978,000 after purchasing an additional 490,681 shares during the period. Geode Capital Management LLC increased its stake in Walt Disney by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after buying an additional 1,393,082 shares during the period. FMR LLC lifted its position in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after buying an additional 2,765,389 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Walt Disney by 3.4% during 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 acquiring an additional 454,678 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.6 %

Shares of DIS opened at $113.35 on Wednesday. The stock’s 50-day moving average price is $112.30 and its 200 day moving average price is $100.77. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market capitalization of $205.00 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 2.02 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same period in the prior year, the company posted $0.82 earnings per share. Walt Disney’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is 36.90%.

Insider Activity at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last quarter. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. TD Cowen raised their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.65.

Walt Disney 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.