The Walt Disney Company (NYSE:DIS) Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 52.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,079,191 shares of the entertainment giant’s stock after acquiring an additional 370,531 shares during the quarter. Cibc World Market Inc.’s holdings in Walt Disney were worth $120,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC grew its position in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial acquired a new stake in Walt Disney during the fourth quarter valued at $49,000. First PREMIER Bank grew its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Walt Disney during the fourth quarter valued at $50,000. Finally, FSA Wealth Management LLC acquired a new stake in Walt Disney during the third quarter valued at $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DIS shares. Evercore ISI increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Needham & Company LLC increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, Guggenheim increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Walt Disney Stock Performance

Shares of DIS opened at $113.30 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 stock has a market capitalization of $204.89 billion, a P/E ratio of 41.81, a P/E/G ratio of 2.02 and a beta of 1.43. The company’s fifty day moving average is $112.43 and its two-hundred day moving average is $100.44. 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 announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion for 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%. Walt Disney’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now 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 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 in the last ninety days. 0.16% of the stock is currently owned by company 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.