DAGCO Inc. grew its holdings in Walt Disney Co (NYSE:DIS) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,035 shares of the entertainment giant’s stock after acquiring an additional 425 shares during the quarter. Walt Disney accounts for approximately 2.2% of DAGCO Inc.’s investment portfolio, making the stock its 9th biggest position. DAGCO Inc.’s holdings in Walt Disney were worth $2,464,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. JJJ Advisors Inc. lifted its position in Walt Disney by 96.8% during the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock worth $32,000 after purchasing an additional 120 shares during the period. Garrett Wealth Advisory Group LLC bought a new stake in Walt Disney during the third quarter worth about $36,000. Wealthcare Capital Management LLC lifted its position in Walt Disney by 66.5% during the fourth quarter. Wealthcare Capital Management LLC now owns 333 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 133 shares during the period. Price Wealth LLC lifted its position in Walt Disney by 601.8% during the fourth quarter. Price Wealth LLC now owns 400 shares of the entertainment giant’s stock worth $58,000 after purchasing an additional 343 shares during the period. Finally, Bourgeon Capital Management LLC bought a new stake in Walt Disney during the third quarter worth about $60,000. 64.25% of the stock is owned by institutional investors.
In other news, EVP Alan N. Braverman sold 3,107 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total value of $454,056.98. Following the completion of the transaction, the executive vice president now owns 104,358 shares of the company’s stock, valued at $15,250,878.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $147.45, for a total value of $294,900.00. Following the completion of the transaction, the executive vice president now directly owns 34,479 shares of the company’s stock, valued at approximately $5,083,928.55. The disclosure for this sale can be found here. Insiders sold 10,258 shares of company stock valued at $1,525,940 in the last ninety days. 0.31% of the stock is currently owned by insiders.
Walt Disney stock opened at $139.54 on Friday. The business has a 50 day moving average of $142.95 and a 200-day moving average of $139.51. Walt Disney Co has a 1 year low of $107.32 and a 1 year high of $153.41. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.75. The company has a market capitalization of $251.93 billion, a P/E ratio of 22.29, a P/E/G ratio of 5.13 and a beta of 1.00.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.09. Walt Disney had a return on equity of 10.23% and a net margin of 13.81%. The company had revenue of $20.86 billion during the quarter, compared to the consensus estimate of $20.84 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The firm’s revenue was up 36.3% compared to the same quarter last year. Equities analysts anticipate that Walt Disney Co will post 5.39 EPS for the current year.
The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a $0.88 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, December 13th. Walt Disney’s dividend payout ratio is currently 30.50%.
DIS has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Walt Disney from $155.00 to $162.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Argus boosted their target price on Walt Disney from $143.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Loop Capital boosted their target price on Walt Disney from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on Walt Disney from $160.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. Finally, Cowen boosted their target price on Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $160.36.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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