USA Financial Formulas Has $580,000 Stock Position in The Walt Disney Company (NYSE:DIS)

USA Financial Formulas lifted its holdings in The Walt Disney Company (NYSE:DIS) by 2,894.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,210 shares of the entertainment giant’s stock after acquiring an additional 5,036 shares during the period. USA Financial Formulas’ holdings in Walt Disney were worth $580,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DIS. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney during the second quarter worth approximately $32,000. Friedenthal Financial acquired a new position in Walt Disney in the 4th quarter valued at $49,000. First PREMIER Bank lifted its position in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the period. FSA Wealth Management LLC bought a new position in shares of Walt Disney in the third quarter worth $51,000. Finally, Birch Capital Management LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $56,000. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on 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 owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 directly owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Needham & Company LLC raised their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Sanford C. Bernstein lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Macquarie reaffirmed a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Finally, Seaport Res Ptn upgraded 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.54.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $108.12 on Thursday. The company has a market capitalization of $195.80 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 2.03 and a beta of 1.43. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business’s 50-day moving average is $111.58 and its 200-day moving average is $99.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last 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 year.

Walt Disney Increases Dividend

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

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.