Eagle Rock Investment Company LLC Has $7.26 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Eagle Rock Investment Company LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,191 shares of the entertainment giant’s stock after buying an additional 104 shares during the quarter. Walt Disney accounts for about 1.2% of Eagle Rock Investment Company LLC’s investment portfolio, making the stock its 21st largest position. Eagle Rock Investment Company LLC’s holdings in Walt Disney were worth $7,259,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DIS. Edgestream Partners L.P. raised its holdings in shares of Walt Disney by 67.3% in the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after buying an additional 2,610 shares in the last quarter. E Fund Management Co. Ltd. grew its position in Walt Disney by 12.5% in the second quarter. E Fund Management Co. Ltd. now owns 11,395 shares of the entertainment giant’s stock valued at $1,131,000 after acquiring an additional 1,267 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Walt Disney by 1.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 356,820 shares of the entertainment giant’s stock worth $35,429,000 after acquiring an additional 4,256 shares in the last quarter. Marathon Trading Investment Management LLC lifted its holdings in shares of Walt Disney by 333.0% during the second quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock valued at $775,000 after acquiring an additional 6,000 shares during the period. Finally, Middleton & Co. Inc. MA boosted its stake in shares of Walt Disney by 0.9% in the 2nd quarter. Middleton & Co. Inc. MA now owns 38,898 shares of the entertainment giant’s stock valued at $3,862,000 after purchasing an additional 334 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 1.7 %

Shares of DIS stock opened at $106.38 on Friday. The company has a market capitalization of $192.65 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. 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 business’s fifty day moving average is $111.77 and its 200 day moving average is $99.58. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS. On average, equities research analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Needham & Company LLC increased 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. Morgan Stanley raised their price target on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Jefferies Financial Group began coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Finally, Macquarie restated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.54.

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.