SGL Investment Advisors Inc. Invests $178,000 in The Walt Disney Company (NYSE:DIS)

SGL Investment Advisors Inc. bought a new stake in The Walt Disney Company (NYSE:DIS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,848 shares of the entertainment giant’s stock, valued at approximately $178,000.

A number of other large investors have also modified their holdings of the company. Groupama Asset Managment raised its stake in shares of Walt Disney by 11.2% in the third quarter. Groupama Asset Managment now owns 249,689 shares of the entertainment giant’s stock valued at $240,000 after purchasing an additional 25,120 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Walt Disney by 3.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 660,647 shares of the entertainment giant’s stock valued at $63,548,000 after purchasing an additional 22,810 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its stake in shares of Walt Disney by 2.9% in the third quarter. Glass Jacobson Investment Advisors llc now owns 5,301 shares of the entertainment giant’s stock valued at $510,000 after purchasing an additional 151 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Walt Disney by 2.2% in the third quarter. MML Investors Services LLC now owns 533,900 shares of the entertainment giant’s stock valued at $51,356,000 after purchasing an additional 11,405 shares in the last quarter. Finally, ValueAct Holdings L.P. grew its position in Walt Disney by 21.7% in the third quarter. ValueAct Holdings L.P. now owns 7,464,831 shares of the entertainment giant’s stock valued at $718,042,000 after acquiring an additional 1,331,200 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.2 %

NYSE:DIS opened at $116.73 on Monday. The firm has a market capitalization of $211.39 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 2.09 and a beta of 1.42. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $102.70 and its two-hundred day moving average price is $97.65. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Walt Disney’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. On average, equities 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 will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 33.21%.

Analysts Set New Price Targets

DIS has been the topic of a number of analyst reports. Macquarie upped their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Morgan Stanley upped their price target on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Evercore ISI upped their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Guggenheim upped their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $123.67.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.