Alpha Cubed Investments LLC raised its position in Walt Disney Co (NYSE:DIS) by 5.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 100,515 shares of the entertainment giant’s stock after acquiring an additional 5,571 shares during the period. Walt Disney makes up about 1.5% of Alpha Cubed Investments LLC’s holdings, making the stock its 24th largest position. Alpha Cubed Investments LLC’s holdings in Walt Disney were worth $14,537,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. HNP Capital LLC lifted its holdings in Walt Disney by 2.7% during the fourth quarter. HNP Capital LLC now owns 2,781 shares of the entertainment giant’s stock worth $402,000 after acquiring an additional 73 shares during the period. Northstar Wealth Partners LLC lifted its holdings in Walt Disney by 1.9% during the second quarter. Northstar Wealth Partners LLC now owns 4,063 shares of the entertainment giant’s stock worth $567,000 after acquiring an additional 76 shares during the period. NewSquare Capital LLC lifted its holdings in Walt Disney by 24.9% during the second quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock worth $54,000 after acquiring an additional 77 shares during the period. Inspirion Wealth Advisors LLC lifted its holdings in Walt Disney by 3.0% during the fourth quarter. Inspirion Wealth Advisors LLC now owns 2,644 shares of the entertainment giant’s stock worth $382,000 after acquiring an additional 78 shares during the period. Finally, Hurlow Wealth Management Group Inc. lifted its holdings in Walt Disney by 3.2% during the third quarter. Hurlow Wealth Management Group Inc. now owns 2,560 shares of the entertainment giant’s stock worth $332,000 after acquiring an additional 79 shares during the period. Institutional investors own 64.07% of the company’s stock.
A number of brokerages recently commented on DIS. ValuEngine lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. reissued a “buy” rating and issued a $160.00 target price on shares of Walt Disney in a research report on Monday, November 25th. Evercore ISI reissued a “buy” rating and issued a $155.00 target price on shares of Walt Disney in a research report on Monday, November 11th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research report on Friday, September 27th. Finally, Argus raised their target price on Walt Disney from $143.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $154.18.
In other news, CFO Christine M. Mccarthy sold 4,617 shares of Walt Disney stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total value of $642,686.40. Following the completion of the transaction, the chief financial officer now directly owns 135,756 shares in the company, valued at $18,897,235.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alan N. Braverman sold 1,113 shares of Walt Disney stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $146.32, for a total value of $162,854.16. Following the completion of the transaction, the executive vice president now owns 102,789 shares of the company’s stock, valued at $15,040,086.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,837 shares of company stock valued at $2,759,138. 0.36% of the stock is owned by company insiders.
Shares of NYSE DIS opened at $144.33 on Friday. The stock has a market cap of $261.56 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 5.71 and a beta of 1.00. Walt Disney Co has a fifty-two week low of $107.32 and a fifty-two week high of $153.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a fifty day moving average of $146.53 and a 200-day moving average of $139.70.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.12. The company had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 earnings per share. On average, sell-side analysts predict that Walt Disney Co will post 5.34 EPS for the current year.
The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.88 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, December 13th. Walt Disney’s dividend payout ratio (DPR) is presently 30.50%.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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