DF Dent & Co. Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 30.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,719 shares of the entertainment giant’s stock after selling 3,346 shares during the period. DF Dent & Co. Inc.’s holdings in Walt Disney were worth $742,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Smithfield Trust Co raised its holdings in Walt Disney by 0.5% in the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after acquiring an additional 102 shares during the last quarter. Connable Office Inc. increased its holdings in shares of Walt Disney by 0.3% during the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after buying an additional 108 shares during the last quarter. ADE LLC increased its holdings in shares of Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after buying an additional 110 shares during the last quarter. Cozad Asset Management Inc. increased its holdings in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after buying an additional 110 shares during the last quarter. Finally, Absher Wealth Management LLC increased its holdings in shares of Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.
Insider Transactions at Walt Disney
In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on 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 sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.10% of the company’s stock.
Walt Disney Stock Performance
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, research analysts predict that The Walt Disney Company will post 5.39 EPS for the current fiscal year.
Walt Disney Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. Walt Disney’s payout ratio is 33.21%.
Analyst Ratings Changes
A number of analysts have recently issued reports on DIS shares. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Guggenheim raised their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Finally, Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.67.
Check Out Our Latest Research Report on Walt Disney
Walt Disney 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.
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