Bank Hapoalim BM Boosts Stake in The Walt Disney Company (NYSE:DIS)

Bank Hapoalim BM grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,539 shares of the entertainment giant’s stock after buying an additional 96 shares during the period. Bank Hapoalim BM’s holdings in Walt Disney were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in DIS. Czech National Bank raised its position in shares of Walt Disney by 6.3% during the 3rd quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock valued at $35,532,000 after buying an additional 21,998 shares in the last quarter. Miracle Mile Advisors LLC raised its position in shares of Walt Disney by 10.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 37,963 shares of the entertainment giant’s stock valued at $3,652,000 after buying an additional 3,620 shares in the last quarter. Stonebridge Capital Management Inc. raised its position in shares of Walt Disney by 1.9% during the 3rd quarter. Stonebridge Capital Management Inc. now owns 29,298 shares of the entertainment giant’s stock valued at $2,819,000 after buying an additional 550 shares in the last quarter. Bangor Savings Bank raised its position in shares of Walt Disney by 2.3% during the 3rd quarter. Bangor Savings Bank now owns 16,213 shares of the entertainment giant’s stock valued at $1,560,000 after buying an additional 358 shares in the last quarter. Finally, Chapin Davis Inc. raised its position in shares of Walt Disney by 1.9% during the 3rd quarter. Chapin Davis Inc. now owns 20,601 shares of the entertainment giant’s stock valued at $1,982,000 after buying an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated 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 transaction, the executive vice president now directly 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 sold a total of 385,412 shares of company stock valued at $44,153,263 in the last three months. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DIS shares. Bank of America increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Evercore ISI increased their target price 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. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.65.

Walt Disney Trading Down 0.6 %

Shares of NYSE DIS opened at $113.35 on Wednesday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market cap of $205.00 billion, a P/E ratio of 41.83, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. The firm has a 50-day moving average of $112.30 and a 200 day moving average of $100.77. 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 issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the company posted $0.82 EPS. Walt Disney’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

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.