Anson Funds Management LP Raises Holdings in The Walt Disney Company (NYSE:DIS)

Anson Funds Management LP boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 40.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the entertainment giant’s stock after acquiring an additional 10,000 shares during the quarter. Anson Funds Management LP’s holdings in Walt Disney were worth $3,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of DIS. Retirement Planning Group LLC purchased a new stake in Walt Disney during the 2nd quarter valued at about $358,000. Coastline Trust Co raised its position in Walt Disney by 16.8% during the 2nd quarter. Coastline Trust Co now owns 3,270 shares of the entertainment giant’s stock valued at $325,000 after purchasing an additional 470 shares during the last quarter. RFG Advisory LLC raised its position in Walt Disney by 20.0% during the 2nd quarter. RFG Advisory LLC now owns 15,655 shares of the entertainment giant’s stock valued at $1,554,000 after purchasing an additional 2,614 shares during the last quarter. Ballast Inc. raised its position in Walt Disney by 10.3% during the 2nd quarter. Ballast Inc. now owns 12,273 shares of the entertainment giant’s stock valued at $1,219,000 after purchasing an additional 1,151 shares during the last quarter. Finally, Occidental Asset Management LLC raised its position in Walt Disney by 16.6% during the 2nd quarter. Occidental Asset Management LLC now owns 15,651 shares of the entertainment giant’s stock valued at $1,554,000 after purchasing an additional 2,224 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company upped their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $123.67.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction 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. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.2 %

DIS stock opened at $116.73 on Friday. 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 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market cap of $211.39 billion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.42. The business has a 50 day moving average of $102.70 and a 200 day moving average of $97.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 5.39 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 33.21%.

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.