Insight Inv LLC Buys 1,491 Shares of The Walt Disney Company (NYSE:DIS)

Insight Inv LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,757 shares of the entertainment giant’s stock after buying an additional 1,491 shares during the quarter. Walt Disney makes up 1.5% of Insight Inv LLC’s portfolio, making the stock its 25th biggest holding. Insight Inv LLC’s holdings in Walt Disney were worth $2,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Deerfield Management Company L.P. Series C bought a new position in Walt Disney in the 2nd quarter worth $336,000. Susquehanna Fundamental Investments LLC grew its position in shares of Walt Disney by 30.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 147,183 shares of the entertainment giant’s stock worth $14,614,000 after purchasing an additional 34,600 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc raised its stake in Walt Disney by 9.7% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 6,411 shares of the entertainment giant’s stock valued at $637,000 after purchasing an additional 565 shares during the period. Ascent Group LLC lifted its holdings in Walt Disney by 16.3% in the 2nd quarter. Ascent Group LLC now owns 29,848 shares of the entertainment giant’s stock worth $2,964,000 after purchasing an additional 4,176 shares in the last quarter. Finally, Annandale Capital LLC boosted its stake in Walt Disney by 86.9% in the 2nd quarter. Annandale Capital LLC now owns 68,148 shares of the entertainment giant’s stock worth $6,766,000 after purchasing an additional 31,679 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,412 shares of company stock valued at $44,153,263. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

DIS opened at $112.25 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $112.46 and a 200 day moving average of $100.07. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market cap of $203.28 billion, a P/E ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43.

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

Walt Disney Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. Guggenheim 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 report on Friday, November 15th. Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein boosted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five equities research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

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.