The Walt Disney Company (NYSE:DIS) Shares Acquired by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,138 shares of the entertainment giant’s stock after acquiring an additional 283 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Walt Disney were worth $683,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its stake in shares of Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Walt Disney by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after buying an additional 114,701 shares during the period. Brookstone Capital Management boosted its stake in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares during the period. Summit Global Investments boosted its stake in shares of Walt Disney by 476.0% during the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the period. Finally, Avanza Fonder AB acquired a new stake in shares of Walt Disney during the 4th quarter valued at $15,125,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 1.0 %

Shares of NYSE:DIS opened at $112.26 on Wednesday. The company has a 50 day moving average price of $112.45 and a two-hundred day moving average price of $100.22. 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 Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a market capitalization of $203.30 billion, a PE ratio of 41.43, a PEG ratio of 1.95 and a beta of 1.43.

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

Walt Disney Increases Dividend

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

Insider Buying and Selling at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’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 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 transaction 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 that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 over the last quarter. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DIS. Jefferies Financial Group began coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Needham & Company LLC lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Rosenblatt Securities lifted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.52.

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.