135,832 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 135,832 shares of the entertainment giant’s stock, valued at approximately $15,125,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. lifted its stake in Walt Disney by 67.3% during the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after purchasing an additional 2,610 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in Walt Disney by 12.5% during the second quarter. E Fund Management Co. Ltd. now owns 11,395 shares of the entertainment giant’s stock worth $1,131,000 after purchasing an additional 1,267 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Walt Disney by 1.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 356,820 shares of the entertainment giant’s stock valued at $35,429,000 after buying an additional 4,256 shares in the last quarter. Marathon Trading Investment Management LLC boosted its position in shares of Walt Disney by 333.0% in the 2nd quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock valued at $775,000 after purchasing an additional 6,000 shares during the period. Finally, Middleton & Co. Inc. MA boosted its holdings in shares of Walt Disney by 0.9% in the second quarter. Middleton & Co. Inc. MA now owns 38,898 shares of the entertainment giant’s stock valued at $3,862,000 after acquiring an additional 334 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. Evercore ISI lifted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Guggenheim boosted 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. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.54.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was 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 directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.3 %

Shares of NYSE DIS opened at $106.78 on Friday. The stock has a fifty day moving average price of $111.77 and a 200 day moving average price of $99.58. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market cap of $193.38 billion, a P/E ratio of 39.42, a P/E/G ratio of 1.94 and a beta of 1.43.

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

Walt Disney Increases Dividend

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

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.