The Walt Disney Company (NYSE:DIS) Position Increased by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC raised its position in The Walt Disney Company (NYSE:DIS) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,544 shares of the entertainment giant’s stock after purchasing an additional 452 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Walt Disney were worth $2,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edgestream Partners L.P. raised its position in shares of Walt Disney by 67.3% during the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock valued at $644,000 after buying an additional 2,610 shares during the period. E Fund Management Co. Ltd. grew its holdings in shares of Walt Disney by 12.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 11,395 shares of the entertainment giant’s stock worth $1,131,000 after acquiring an additional 1,267 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Walt Disney by 1.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 356,820 shares of the entertainment giant’s stock valued at $35,429,000 after purchasing an additional 4,256 shares in the last quarter. Marathon Trading Investment Management LLC boosted its position in Walt Disney by 333.0% during the second quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock worth $775,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Middleton & Co. Inc. MA grew its stake in Walt Disney by 0.9% in the 2nd quarter. Middleton & Co. Inc. MA now owns 38,898 shares of the entertainment giant’s stock valued at $3,862,000 after acquiring an additional 334 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on 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 owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last 90 days. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 1.7 %

Shares of NYSE DIS opened at $106.38 on Friday. The stock has a market cap of $192.65 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.94 and a beta of 1.43. The business has a 50 day simple moving average of $111.77 and a 200 day simple moving average of $99.58. 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 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the prior year, the company posted $0.82 earnings per share. Walt Disney’s revenue for the quarter 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 fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s payout ratio is 36.90%.

Analysts Set New Price Targets

DIS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Sanford C. Bernstein increased their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Needham & Company LLC lifted their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Finally, Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Company 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.