64,037 Shares in The Walt Disney Company (NYSE:DIS) Acquired by InvesTrust

InvesTrust acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 64,037 shares of the entertainment giant’s stock, valued at approximately $7,118,000. Walt Disney accounts for 2.0% of InvesTrust’s holdings, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Worth Asset Management LLC bought a new stake in Walt Disney during the 4th quarter valued at $1,355,000. One Wealth Capital Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at about $227,000. Birch Capital Management LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $56,000. Spartan Planning & Wealth Management bought a new stake in shares of Walt Disney in the fourth quarter worth about $302,000. Finally, Regent Peak Wealth Advisors LLC increased its holdings in Walt Disney by 4.5% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 2,920 shares of the entertainment giant’s stock valued at $325,000 after purchasing an additional 126 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.1 %

Shares of NYSE:DIS traded down $1.24 during trading on Wednesday, reaching $110.15. 4,181,226 shares of the company were exchanged, compared to its average volume of 5,848,267. 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 $199.47 billion, a PE ratio of 40.65, a P/E/G ratio of 2.05 and a beta of 1.43. The business’s fifty day simple moving average is $110.29 and its 200-day simple moving average is $99.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

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

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIS. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company raised their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.54.

Insider Activity at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % 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. 0.10% of the stock is owned by corporate insiders.

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.