New Jersey Better Educational Savings Trust Purchases New Shares in The Walt Disney Company (NYSE:DIS)

New Jersey Better Educational Savings Trust purchased a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,077 shares of the entertainment giant’s stock, valued at approximately $231,000. Walt Disney comprises approximately 0.4% of New Jersey Better Educational Savings Trust’s investment portfolio, making the stock its 25th biggest holding.

Several other large investors have also added to or reduced their stakes in DIS. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney during the fourth quarter valued at $35,000. Hager Investment Management Services LLC purchased a new position in Walt Disney during the fourth quarter valued at $43,000. Cedar Mountain Advisors LLC lifted its position in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial purchased a new position in Walt Disney during the fourth quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Walt Disney during the fourth quarter valued at $50,000. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on DIS shares. Evercore ISI raised their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Guggenheim lifted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, TD Cowen lifted their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.85.

Walt Disney Trading Up 0.7 %

Walt Disney stock opened at $110.31 on Monday. The business has a 50-day simple moving average of $111.14 and a two-hundred day simple moving average of $101.85. The company has a market cap of $199.42 billion, a P/E ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released 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 return on equity of 9.95% and a net margin of 6.07%. Analysts predict that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. 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 dividend yield of 0.6%. Walt Disney’s payout ratio is 32.57%.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by company insiders.

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.