Nabity Jensen Investment Management Inc Takes $550,000 Position in The Walt Disney Company (NYSE:DIS)

Nabity Jensen Investment Management Inc purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,713 shares of the entertainment giant’s stock, valued at approximately $550,000.

A number of other institutional investors have also recently bought and sold shares of DIS. Geller Advisors LLC boosted its position in Walt Disney by 20.6% during the third quarter. Geller Advisors LLC now owns 6,057 shares of the entertainment giant’s stock worth $583,000 after purchasing an additional 1,036 shares during the period. Drucker Wealth 3.0 LLC lifted its stake in shares of Walt Disney by 0.9% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock worth $1,121,000 after buying an additional 106 shares during the last quarter. SGL Investment Advisors Inc. bought a new stake in shares of Walt Disney during the 3rd quarter worth about $178,000. Groupama Asset Managment grew its stake in Walt Disney by 11.2% in the 3rd quarter. Groupama Asset Managment now owns 249,689 shares of the entertainment giant’s stock valued at $240,000 after buying an additional 25,120 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Walt Disney by 3.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 660,647 shares of the entertainment giant’s stock valued at $63,548,000 after acquiring an additional 22,810 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Guggenheim lifted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.67.

Walt Disney Stock Up 0.2 %

Shares of DIS opened at $116.73 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. 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 capitalization of $211.39 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 2.09 and a beta of 1.42. The stock has a fifty day moving average of $102.70 and a 200-day moving average of $97.65.

Walt Disney (NYSE:DIS) last posted 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. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate 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 declared a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be 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 is Monday, December 16th. Walt Disney’s dividend payout ratio is 33.21%.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.