Sumitomo Mitsui DS Asset Management Company Ltd Purchases 5,155 Shares of The Walt Disney Company (NYSE:DIS)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in The Walt Disney Company (NYSE:DIS) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 438,220 shares of the entertainment giant’s stock after purchasing an additional 5,155 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Walt Disney were worth $48,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Walt Disney by 3.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,633,639 shares of the entertainment giant’s stock worth $515,956,000 after acquiring an additional 169,463 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Walt Disney by 6,063.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 130,655 shares of the entertainment giant’s stock worth $14,548,000 after purchasing an additional 128,535 shares during the period. Encompass Wealth Advisors LLC lifted its position in shares of Walt Disney by 31.5% during the fourth quarter. Encompass Wealth Advisors LLC now owns 3,584 shares of the entertainment giant’s stock worth $399,000 after purchasing an additional 859 shares during the last quarter. Investments & Financial Planning LLC purchased a new stake in shares of Walt Disney during the fourth quarter valued at $222,000. Finally, Glassy Mountain Advisors Inc. grew its holdings in shares of Walt Disney by 2.7% in the fourth quarter. Glassy Mountain Advisors Inc. now owns 33,657 shares of the entertainment giant’s stock worth $3,748,000 after purchasing an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of DIS stock opened at $112.15 on Friday. The firm has a market capitalization of $202.82 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 2.02 and a beta of 1.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The stock’s 50-day simple moving average is $112.11 and its 200-day simple moving average is $100.99. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. As a group, equities analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research reports. Macquarie reissued a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Rosenblatt Securities raised their price target on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.85.

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.