1 week Ago By ABMN Staff
Versant Capital Management Inc raised its position in The Walt Disney Company ( NYSE:DIS – Free Report ) by 30.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,668 shares of the entertainment giant’s stock after acquiring an additional 850 shares during the quarter.
Versant Capital Management Inc’s holdings in Walt Disney were worth $408,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently modified their holdings of DIS. Cacti Asset Management LLC raised its holdings in shares of Walt Disney by 2.
3% in the 4th quarter. Cacti Asset Management LLC now owns 544,813 shares of the entertainment giant’s stock valued at $60,365,000 after purchasing an additional 12,170 shares during the period. Copley Financial Group Inc.
bought a new stake in Walt Disney in the third quarter valued at approximately $70,000. Inspire Trust Co. N.
A. acquired a new stake in shares of Walt Disney in the third quarter valued at approximately $2,597,000. Synovus Financial Corp lifted its position in shares of Walt Disney by 0.
3% in the third quarter. Synovus Financial Corp now owns 78,401 shares of the entertainment giant’s stock valued at $7,542,000 after buying an additional 249 shares during the last quarter. Finally, PVG Asset Management Corp acquired a new position in shares of Walt Disney during the 3rd quarter worth approximately $211,000.
Institutional investors own 65.71% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts have commented on DIS shares.
Loop Capital lifted their price objective 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.
Bank of America lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th.
Jefferies Financial Group began coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock.
Rosenblatt Securities boosted their price objective on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th.
Finally, Needham & Company LLC increased their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $123.
58. Insider Buying and Selling In other Walt Disney 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 value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th.
The stock was sold at an average price of $113.62, for a total value of $568,100.00.
Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $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 worth $44,153,263 in the last three months.
0.10% of the stock is owned by corporate insiders. Walt Disney Stock Performance NYSE DIS opened at $110.
82 on Friday. The firm’s 50 day simple moving average is $109.06 and its 200 day simple moving average is $99.
01. The firm has a market capitalization of $200.69 billion, a price-to-earnings ratio of 40.
89, a P/E/G ratio of 2.05 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 Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.
74. Walt Disney ( NYSE:DIS – Get Free Report ) last issued its quarterly earnings results 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.
Walt Disney had a return on equity of 9.21% and a net margin of 5.44%.
The company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion.
During the same quarter last year, the company posted $0.82 EPS. The company’s revenue for the quarter was up 6.
3% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.
Walt Disney Increases Dividend The firm also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.50 per share.
This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend is Monday, December 16th.
This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 36.
90%. Walt Disney Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company ( NYSE:DIS – Free Report ).
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