The Walt Disney Company (NYSE:DIS) Stake Lifted by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,136 shares of the entertainment giant’s stock after purchasing an additional 111 shares during the period. Koshinski Asset Management Inc.’s holdings in Walt Disney were worth $4,358,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. State Street Corp raised its stake in shares of Walt Disney by 0.6% in the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after buying an additional 490,681 shares in the last quarter. Geode Capital Management LLC raised its position in Walt Disney by 3.8% in the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after acquiring an additional 1,393,082 shares in the last quarter. FMR LLC lifted its holdings in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Walt Disney by 3.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock worth $1,332,297,000 after purchasing an additional 454,678 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade 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 valued at $44,153,263 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on DIS. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities increased their price objective on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Five equities research 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. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.54.

Walt Disney Stock Performance

Shares of DIS opened at $107.07 on Tuesday. The firm has a market cap of $193.90 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The company’s fifty day moving average is $112.08 and its 200-day moving average is $99.70. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 5.41 EPS 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 was Monday, December 16th. Walt Disney’s payout ratio is 36.90%.

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.