Defender Capital LLC. Takes Position in The Walt Disney Company (NYSE:DIS)

Defender Capital LLC. bought a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,000 shares of the entertainment giant’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cedar Mountain Advisors LLC increased its stake in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 110 shares during the last quarter. Friedenthal Financial acquired a new stake in Walt Disney in the fourth quarter valued at approximately $49,000. Retirement Wealth Solutions LLC purchased a new stake in Walt Disney during the 4th quarter worth about $50,000. Birch Capital Management LLC acquired a new stake in Walt Disney during the fourth quarter worth approximately $56,000. Finally, First PREMIER Bank lifted its position in Walt Disney by 98.1% in the third 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 last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIS. Citigroup reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Finally, Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.52.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated 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 owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last three months. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $113.08 on Thursday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. 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 business has a fifty day simple moving average of $112.45 and a 200 day simple moving average of $100.33. The firm has a market capitalization of $204.79 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 1.95 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion for 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 company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued 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 was Monday, December 16th. Walt Disney’s 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.