Miles Capital Inc. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,598 shares of the entertainment giant’s stock after selling 145 shares during the quarter. Walt Disney accounts for 1.1% of Miles Capital Inc.’s investment portfolio, making the stock its 16th biggest position. Miles Capital Inc.’s holdings in Walt Disney were worth $1,388,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of DIS. JJJ Advisors Inc. grew its stake in shares of Walt Disney by 96.8% during the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after buying an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC bought a new stake in Walt Disney in the third quarter valued at approximately $36,000. Advocacy Wealth Management Services LLC lifted its position in Walt Disney by 52.8% in the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 132 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of Walt Disney by 24.9% during the second quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock valued at $54,000 after purchasing an additional 77 shares during the period. Finally, Price Wealth LLC boosted its stake in shares of Walt Disney by 601.8% during the fourth quarter. Price Wealth LLC now owns 400 shares of the entertainment giant’s stock valued at $58,000 after purchasing an additional 343 shares during the period. Hedge funds and other institutional investors own 64.29% of the company’s stock.
In other news, EVP Alan N. Braverman sold 3,107 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total transaction of $454,056.98. Following the completion of the transaction, the executive vice president now directly owns 104,358 shares in the company, valued at $15,250,878.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christine M. Mccarthy sold 4,617 shares of Walt Disney 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 completion of the transaction, the chief financial officer now directly owns 135,756 shares of the company’s stock, valued at approximately $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.
Several research analysts recently commented on DIS shares. UBS Group lifted their target price on shares of Walt Disney from $155.00 to $162.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Loop Capital increased their price target on shares of Walt Disney from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Consumer Edge began coverage on shares of Walt Disney in a report on Monday, November 25th. They issued an “overweight” rating and a $175.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research report on Friday, September 27th. Finally, Wells Fargo & Co lowered their price objective on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Walt Disney presently has an average rating of “Buy” and an average price target of $154.18.
Shares of DIS stock traded down $0.84 during trading hours on Tuesday, hitting $143.50. 2,411,872 shares of the company’s stock traded hands, compared to its average volume of 6,739,538. The stock’s fifty day simple moving average is $146.09 and its two-hundred day simple moving average is $139.75. Walt Disney Co has a 12-month low of $107.32 and a 12-month high of $153.41. The stock has a market cap of $258.82 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 5.68 and a beta of 1.00. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The company had revenue of $19.10 billion for the quarter, compared to the consensus estimate of $19.02 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. On average, equities analysts forecast that Walt Disney Co will post 5.34 earnings per share for the current fiscal year.
The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.88 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 13th. Walt Disney’s dividend payout ratio (DPR) is 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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