Charles Schwab Investment Management Inc. Buys 350,939 Shares of The Walt Disney Company (NYSE:DIS)

Charles Schwab Investment Management Inc. increased its stake in The Walt Disney Company (NYSE:DIS) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,762,144 shares of the entertainment giant’s stock after buying an additional 350,939 shares during the period. Charles Schwab Investment Management Inc. owned 0.60% of Walt Disney worth $1,198,365,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc raised its stake in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Walt Disney in the fourth quarter worth about $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the fourth quarter worth about $35,000. Finally, Hager Investment Management Services LLC bought a new position in Walt Disney in the fourth quarter worth about $43,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 1.0 %

Shares of Walt Disney stock opened at $112.69 on Tuesday. The company has a market cap of $203.72 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company’s 50 day moving average is $110.70 and its 200 day moving average is $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 quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is presently 32.57%.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. TD Cowen upped their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Citigroup restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.44.

Walt Disney Company 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.