Miracle Mile Advisors LLC raised its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 152.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 95,751 shares of the entertainment giant’s stock after acquiring an additional 57,788 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Walt Disney were worth $10,662,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of DIS. State Street Corp grew its holdings in shares of Walt Disney by 0.6% in the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after purchasing an additional 490,681 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after purchasing an additional 1,393,082 shares during the last quarter. FMR LLC boosted its position in Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares in the last quarter. Legal & General Group Plc grew its stake in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after buying an additional 425,438 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Walt Disney by 3.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock worth $1,332,297,000 after buying an additional 454,678 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Stock Down 0.5 %
Shares of NYSE:DIS traded down $0.57 during trading on Monday, hitting $108.08. 6,443,766 shares of the company’s stock traded hands, compared to its average volume of 6,902,465. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $111.11 and a 200-day moving average price of $99.43. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a market cap of $195.73 billion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43.
Walt Disney Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.
Wall Street Analysts Forecast Growth
DIS has been the topic of several recent analyst reports. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Wells Fargo & Company increased their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Needham & Company LLC increased their price objective 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. Finally, Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Five investment 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.54.
Check Out Our Latest Stock Report on DIS
Insider Activity
In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last three months. Corporate insiders own 0.10% of the company’s stock.
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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