The Walt Disney Company (NYSE:DIS) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 16.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,278 shares of the entertainment giant’s stock after purchasing an additional 11,568 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Walt Disney were worth $7,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Arvest Bank Trust Division purchased a new stake in shares of Walt Disney in the third quarter valued at $9,018,000. World Investment Advisors LLC raised its stake in shares of Walt Disney by 357.7% in the 3rd quarter. World Investment Advisors LLC now owns 58,367 shares of the entertainment giant’s stock valued at $5,614,000 after purchasing an additional 45,615 shares in the last quarter. Boyar Asset Management Inc. increased its holdings in shares of Walt Disney by 1.7% in the 3rd quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant’s stock valued at $3,201,000 after acquiring an additional 551 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth approximately $660,000. Finally, Saratoga Research & Investment Management lifted its position in Walt Disney by 18.8% in the 3rd quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant’s stock valued at $147,749,000 after purchasing an additional 242,675 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Macquarie increased their price target on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $123.67.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Up 0.3 %

NYSE:DIS opened at $114.90 on Friday. The company has a 50-day moving average price of $104.32 and a 200-day moving average price of $98.04. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock has a market cap of $208.08 billion, a price-to-earnings ratio of 42.40, a P/E/G ratio of 2.05 and a beta of 1.42. 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 quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $22.49 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 33.21%.

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.