Baron Wealth Management LLC increased its position in The Walt Disney Company (NYSE:DIS – Free Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,519 shares of the entertainment giant’s stock after acquiring an additional 370 shares during the period. Baron Wealth Management LLC’s holdings in Walt Disney were worth $503,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its stake in shares of Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Walt Disney by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after purchasing an additional 114,701 shares during the last quarter. Brookstone Capital Management grew its position in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after purchasing an additional 13,339 shares during the period. Summit Global Investments increased its stake in Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after purchasing an additional 10,230 shares during the last quarter. Finally, Avanza Fonder AB purchased a new position in Walt Disney during the fourth quarter worth about $15,125,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.
Walt Disney Stock Up 0.8 %
Shares of Walt Disney stock opened at $113.08 on Thursday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market capitalization of $204.79 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 1.95 and a beta of 1.43. 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 business’s 50 day simple moving average is $112.45 and its 200-day simple moving average is $100.33.
Walt Disney Increases Dividend
The business also recently disclosed 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 presently 36.90%.
Analysts Set New Price Targets
A number of research firms have recently commented on DIS. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Guggenheim lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Citigroup reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.
Insider Activity at Walt Disney
In related news, CEO Robert A. Iger sold 372,412 shares of the firm’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 transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were 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 of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.
About Walt Disney
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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