Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 58.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,000 shares of the entertainment giant’s stock after buying an additional 7,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Walt Disney were worth $2,116,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in DIS. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the second quarter worth about $32,000. Friedenthal Financial acquired a new stake in Walt Disney in the fourth quarter valued at about $49,000. First PREMIER Bank lifted its position in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Walt Disney in the fourth quarter valued at about $50,000. Finally, FSA Wealth Management LLC acquired a new stake in Walt Disney in the third quarter valued at about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.
Walt Disney Stock Up 1.6 %
DIS stock opened at $108.72 on Wednesday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a 50 day moving average price of $112.20 and a two-hundred day moving average price of $99.76. The stock has a market capitalization of $196.89 billion, a P/E ratio of 40.12, a PEG ratio of 1.91 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.
Walt Disney Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is currently 36.90%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on DIS. Bank of America raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report 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. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Evercore ISI lifted their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Five investment 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 stock has an average rating of “Moderate Buy” and a consensus price target of $125.54.
Read Our Latest Research Report on Walt Disney
Insider Activity
In other news, EVP Brent Woodford sold 5,000 shares of the business’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 $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was 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 in the last ninety days. Company insiders own 0.10% of the company’s stock.
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.
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