Friedenthal Financial Acquires New Shares in The Walt Disney Company (NYSE:DIS)

Friedenthal Financial bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 443 shares of the entertainment giant’s stock, valued at approximately $49,000.

A number of other large investors have also recently made changes to their positions in the stock. Thoroughbred Financial Services LLC raised its position in shares of Walt Disney by 71.6% in the second quarter. Thoroughbred Financial Services LLC now owns 10,794 shares of the entertainment giant’s stock worth $1,071,000 after buying an additional 4,502 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Walt Disney by 4.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 43,072 shares of the entertainment giant’s stock valued at $4,277,000 after acquiring an additional 1,909 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Walt Disney during the 2nd quarter valued at about $213,000. Marble Harbor Investment Counsel LLC grew its holdings in shares of Walt Disney by 0.7% during the second quarter. Marble Harbor Investment Counsel LLC now owns 90,053 shares of the entertainment giant’s stock worth $8,941,000 after purchasing an additional 610 shares in the last quarter. Finally, Wealth Dimensions Group Ltd. raised its stake in Walt Disney by 9.3% in the second quarter. Wealth Dimensions Group Ltd. now owns 5,369 shares of the entertainment giant’s stock valued at $533,000 after purchasing an additional 457 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 0.5 %

DIS opened at $108.08 on Tuesday. 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 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 $195.73 billion, a PE ratio of 39.88, a PEG ratio of 2.03 and a beta of 1.43. The business has a 50 day moving average of $111.36 and a 200-day moving average of $99.47.

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

Walt Disney Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DIS. TD Cowen raised their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Sanford C. Bernstein increased their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Macquarie restated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Finally, Bank of America increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five investment 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. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney 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.