The Walt Disney Company (NYSE:DIS) Shares Acquired by Courier Capital LLC

Courier Capital LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,064 shares of the entertainment giant’s stock after purchasing an additional 401 shares during the quarter. Courier Capital LLC’s holdings in Walt Disney were worth $5,129,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at about $32,000. Friedenthal Financial acquired a new position in Walt Disney in the fourth quarter valued at approximately $49,000. First PREMIER Bank grew its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth approximately $51,000. Finally, Birch Capital Management LLC bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $56,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $108.08 on Tuesday. The stock has a market capitalization of $195.73 billion, a P/E ratio of 39.88, a P/E/G ratio of 2.03 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 $111.36 and its two-hundred day moving average is $99.47. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Walt Disney’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. On average, research 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 will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Insider Activity

In other 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 transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction 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 directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last 90 days. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DIS shares. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Guggenheim upped their target price on shares of Walt Disney from $110.00 to $130.00 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 company a “hold” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.54.

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.