Commerzbank Aktiengesellschaft FI increased its stake in shares of Walt Disney Co (NYSE:DIS) by 50.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,274 shares of the entertainment giant’s stock after purchasing an additional 185,770 shares during the quarter. Walt Disney makes up 0.8% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 22nd largest position. Commerzbank Aktiengesellschaft FI’s holdings in Walt Disney were worth $79,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of DIS. JJJ Advisors Inc. lifted its stake in shares of Walt Disney by 96.8% during the 3rd quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock worth $32,000 after purchasing an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC acquired a new position in Walt Disney during the 3rd quarter valued at about $36,000. Advocacy Wealth Management Services LLC increased its position in Walt Disney by 52.8% during the 3rd quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 132 shares in the last quarter. NewSquare Capital LLC increased its position in Walt Disney by 24.9% during the 2nd quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock valued at $54,000 after buying an additional 77 shares in the last quarter. Finally, Price Wealth LLC increased its position in Walt Disney by 601.8% during the 4th quarter. Price Wealth LLC now owns 400 shares of the entertainment giant’s stock valued at $58,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 64.07% of the company’s stock.
Several research analysts recently issued reports on DIS shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $175.00 target price on shares of Walt Disney in a research report on Thursday, January 2nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $160.00 target price on shares of Walt Disney in a research report on Monday, November 25th. Argus upped their target price on Walt Disney from $143.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. ValuEngine lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group upped their target price on Walt Disney from $155.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Walt Disney presently has a consensus rating of “Buy” and a consensus price target of $154.18.
In other news, EVP Brent Woodford sold 4,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $152.16, for a total value of $608,640.00. Following the transaction, the executive vice president now directly owns 36,479 shares of the company’s stock, valued at $5,550,644.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christine M. Mccarthy sold 4,617 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total value of $642,686.40. Following the sale, the chief financial officer now directly owns 135,756 shares in the company, valued at $18,897,235.20. The disclosure for this sale can be found here. Insiders sold 18,837 shares of company stock worth $2,759,138 over the last three months. Corporate insiders own 0.36% of the company’s stock.
Shares of DIS stock opened at $144.33 on Friday. The stock’s 50-day simple moving average is $146.53 and its 200-day simple moving average is $139.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.90. The firm has a market capitalization of $261.56 billion, a PE ratio of 24.72, a P/E/G ratio of 5.71 and a beta of 1.00. Walt Disney Co has a fifty-two week low of $107.32 and a fifty-two week high of $153.41.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. The business had revenue of $19.10 billion for the quarter, compared to analyst estimates of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The company’s revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. Sell-side analysts forecast that Walt Disney Co will post 5.34 earnings per share for the current year.
The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.88 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, December 13th. Walt Disney’s dividend payout ratio is presently 30.50%.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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