The Walt Disney Company (NYSE:DIS) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its holdings in The Walt Disney Company (NYSE:DIS) by 72.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,265 shares of the entertainment giant’s stock after buying an additional 1,377 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Walt Disney were worth $364,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wescott Financial Advisory Group LLC increased its stake in Walt Disney by 1.5% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 7,734 shares of the entertainment giant’s stock valued at $768,000 after purchasing an additional 116 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Walt Disney during the second quarter valued at $378,000. Unisphere Establishment increased its position in shares of Walt Disney by 3.8% in the 2nd quarter. Unisphere Establishment now owns 3,013,500 shares of the entertainment giant’s stock valued at $299,210,000 after acquiring an additional 111,500 shares during the period. Caxton Associates LP raised its stake in Walt Disney by 251.2% in the 2nd quarter. Caxton Associates LP now owns 83,888 shares of the entertainment giant’s stock worth $8,329,000 after acquiring an additional 60,000 shares during the last quarter. Finally, AlTi Global Inc. lifted its position in Walt Disney by 5.4% during the 2nd quarter. AlTi Global Inc. now owns 58,608 shares of the entertainment giant’s stock worth $5,819,000 after acquiring an additional 3,012 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.1 %

DIS stock opened at $108.86 on Thursday. The business’s 50-day moving average is $112.48 and its 200 day moving average is $99.90. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock has a market cap of $197.14 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.94 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side 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. Stockholders of record on Monday, December 16th were paid 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 of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DIS shares. Jefferies Financial Group began coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. TD Cowen upped their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Evercore ISI boosted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.