Mission Wealth Management LP lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 13.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,281 shares of the entertainment giant's stock after selling 3,957 shares during the quarter. Mission Wealth Management LP's holdings in Walt Disney were worth $2,926,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC grew its stake in Walt Disney by 8.4% in the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant's stock worth $6,420,000 after purchasing an additional 5,184 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Walt Disney by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock worth $1,001,454,000 after buying an additional 114,701 shares in the last quarter. Brookstone Capital Management increased its stake in shares of Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $15,687,000 after buying an additional 13,339 shares during the period. Summit Global Investments increased its stake in shares of Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant's stock valued at $1,191,000 after buying an additional 10,230 shares during the period. Finally, Greystone Financial Group LLC raised its holdings in shares of Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after acquiring an additional 9,967 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE DIS traded down $3.92 during mid-day trading on Tuesday, hitting $108.87. The stock had a trading volume of 12,650,699 shares, compared to its average volume of 9,563,046. The company has a 50 day moving average of $110.70 and a two-hundred day moving average of $103.66. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $196.81 billion, a PE ratio of 35.46, a PEG ratio of 1.80 and a beta of 1.42.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney's dividend payout ratio is 32.57%.
In other news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company's stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company's stock.
Several research analysts have issued reports on DIS shares. Deutsche Bank Aktiengesellschaft increased their target price 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. Macquarie reiterated a "neutral" rating and set a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday. Bank of America upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group lifted their price target on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.64.
Check Out Our Latest Stock Analysis on DIS
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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