Portside Wealth Group LLC Sells 132 Shares of The Walt Disney Company (NYSE:DIS)

Portside Wealth Group LLC lessened its stake in shares of The Walt Disney Company (NYSE:DISFree Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,394 shares of the entertainment giant’s stock after selling 132 shares during the period. Portside Wealth Group LLC’s holdings in Walt Disney were worth $3,496,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. increased its stake in shares of Walt Disney by 67.3% in the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock valued at $644,000 after buying an additional 2,610 shares during the period. Canada Pension Plan Investment Board increased its stake in Walt Disney by 53.8% in the second quarter. Canada Pension Plan Investment Board now owns 1,095,269 shares of the entertainment giant’s stock valued at $108,749,000 after purchasing an additional 383,148 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Walt Disney by 4.7% during the second quarter. Pacer Advisors Inc. now owns 129,687 shares of the entertainment giant’s stock valued at $12,877,000 after purchasing an additional 5,772 shares during the period. Sei Investments Co. boosted its position in shares of Walt Disney by 7.8% during the 2nd quarter. Sei Investments Co. now owns 642,126 shares of the entertainment giant’s stock worth $63,760,000 after purchasing an additional 46,620 shares in the last quarter. Finally, Boston Research & Management Inc. grew its stake in shares of Walt Disney by 3.7% in the 2nd quarter. Boston Research & Management Inc. now owns 47,479 shares of the entertainment giant’s stock valued at $4,714,000 after buying an additional 1,690 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DIS. 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 on the stock. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Guggenheim increased their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Needham & Company LLC increased 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 research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.54.

Get Our Latest Stock Analysis on Walt Disney

Insider Transactions at Walt Disney

In other Walt Disney news, 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 value 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. The trade was 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 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock valued at $44,153,263 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Up 0.6 %

Shares of Walt Disney stock opened at $107.07 on Friday. 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 firm’s 50 day simple moving average is $112.08 and its two-hundred day simple moving average is $99.67. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43.

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

Walt Disney Increases Dividend

The company 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. 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 payout ratio is currently 36.90%.

About Walt Disney

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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