Dumont & Blake Investment Advisors LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Dumont & Blake Investment Advisors LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,780 shares of the entertainment giant’s stock after purchasing an additional 2,124 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Walt Disney were worth $2,091,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after purchasing an additional 3,399,359 shares during the last quarter. FMR LLC increased its holdings in Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after buying an additional 2,298,921 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Walt Disney by 112.0% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock worth $398,508,000 after acquiring an additional 2,188,610 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Walt Disney by 3.8% during 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 purchasing an additional 1,393,082 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the 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 completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. Wells Fargo & Company upped their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Bank of America raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI lifted their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Stock Up 0.1 %

DIS opened at $113.30 on Friday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The business has a 50-day moving average of $112.43 and a two-hundred day moving average of $100.44. The stock has a market capitalization of $205.18 billion, a price-to-earnings ratio of 41.81, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last issued its earnings results 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 return on equity of 9.21% and a net margin of 5.44%. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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