The Walt Disney Company (NYSE:DIS) Shares Purchased by Jacobs & Co. CA

Jacobs & Co. CA increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,516 shares of the entertainment giant’s stock after buying an additional 595 shares during the quarter. Walt Disney comprises about 1.3% of Jacobs & Co. CA’s holdings, making the stock its 24th largest position. Jacobs & Co. CA’s holdings in Walt Disney were worth $12,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. ST Germain D J Co. Inc. grew its stake in shares of Walt Disney by 0.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 38,796 shares of the entertainment giant’s stock worth $4,320,000 after purchasing an additional 302 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Walt Disney by 39.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,514,810 shares of the entertainment giant’s stock worth $168,674,000 after buying an additional 425,012 shares during the last quarter. ORG Partners LLC grew its stake in Walt Disney by 29.7% in the 4th quarter. ORG Partners LLC now owns 2,405 shares of the entertainment giant’s stock valued at $268,000 after acquiring an additional 551 shares during the last quarter. Baker Tilly Wealth Management LLC increased its stake in shares of Walt Disney by 7.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,804 shares of the entertainment giant’s stock worth $1,648,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of Walt Disney by 4.9% in the fourth quarter. Fortitude Family Office LLC now owns 2,568 shares of the entertainment giant’s stock valued at $286,000 after acquiring an additional 119 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DIS shares. Needham & Company LLC upped their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Wells Fargo & Company increased their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Price Performance

NYSE DIS traded down $0.67 on Friday, reaching $109.09. 5,158,412 shares of the stock traded hands, compared to its average volume of 6,342,999. 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 firm’s fifty day simple moving average is $110.85 and its 200 day simple moving average is $99.40. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a market cap of $197.56 billion, a price-to-earnings ratio of 40.25, a P/E/G ratio of 2.05 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced 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 company had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts predict that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be given 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 of this dividend is Monday, December 16th. Walt Disney’s dividend payout ratio is presently 36.90%.

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.