Oldfield Partners LLP Has $59.54 Million Holdings in The Walt Disney Company (NYSE:DIS)

Oldfield Partners LLP boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 534,700 shares of the entertainment giant’s stock after purchasing an additional 18,900 shares during the period. Walt Disney accounts for approximately 17.3% of Oldfield Partners LLP’s portfolio, making the stock its biggest position. Oldfield Partners LLP’s holdings in Walt Disney were worth $59,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Iams Wealth Management LLC boosted its stake in Walt Disney by 29.1% during the 4th quarter. Iams Wealth Management LLC now owns 3,700 shares of the entertainment giant’s stock valued at $412,000 after purchasing an additional 833 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Walt Disney by 4.5% in the 4th quarter. Forsta AP Fonden now owns 493,600 shares of the entertainment giant’s stock worth $54,962,000 after buying an additional 21,100 shares during the last quarter. Fulton Breakefield Broenniman LLC boosted its stake in shares of Walt Disney by 4.8% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 6,138 shares of the entertainment giant’s stock worth $683,000 after buying an additional 283 shares during the last quarter. Gateway Wealth Partners LLC boosted its stake in shares of Walt Disney by 4.8% in the 4th quarter. Gateway Wealth Partners LLC now owns 2,950 shares of the entertainment giant’s stock worth $328,000 after buying an additional 135 shares during the last quarter. Finally, Orca Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter worth $460,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DIS shares. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Evercore ISI boosted their target price on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Trading Up 1.1 %

Shares of Walt Disney stock opened at $113.41 on Wednesday. The firm has a market capitalization of $205.37 billion, a PE ratio of 42.03, a P/E/G ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm’s 50-day moving average price is $112.45 and its 200 day moving average price is $100.33. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. On average, sell-side 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 declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s 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.