Worth Asset Management LLC Purchases Shares of 12,167 The Walt Disney Company (NYSE:DIS)

Worth Asset Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,167 shares of the entertainment giant’s stock, valued at approximately $1,355,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farallon Capital Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth about $355,673,000. International Assets Investment Management LLC lifted its stake in Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after purchasing an additional 3,399,359 shares during the last quarter. FMR LLC boosted its position in shares of Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares during the period. Van ECK Associates Corp boosted its position in shares of Walt Disney by 114.4% during the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after buying an additional 2,298,921 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after buying an additional 2,188,610 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 1.9 %

DIS traded down $2.09 during trading on Wednesday, hitting $109.30. The stock had a trading volume of 3,432,684 shares, compared to its average volume of 5,679,429. The stock has a 50 day simple moving average of $110.29 and a two-hundred day simple moving average of $99.28. The company has a market capitalization of $197.94 billion, a PE ratio of 40.33, a PEG ratio of 2.05 and a beta of 1.43. 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 Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $22.49 billion. During the same quarter last year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research 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 disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Five research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.54.

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.