The Walt Disney Company (NYSE:DIS) Shares Bought by Strategic Blueprint LLC

Strategic Blueprint LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,627 shares of the entertainment giant’s stock after buying an additional 584 shares during the quarter. Strategic Blueprint LLC’s holdings in Walt Disney were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its position in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after buying an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after purchasing an additional 114,701 shares during the last quarter. Brookstone Capital Management grew its position in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after purchasing an additional 13,339 shares during the last quarter. Summit Global Investments grew its position in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after purchasing an additional 10,230 shares during the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $15,125,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Needham & Company LLC increased their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Piper Sandler started coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Citigroup reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.52.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now 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. In the last 90 days, insiders sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $113.08 on Thursday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week 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 stock has a market cap of $204.79 billion, a price-to-earnings ratio of 41.73, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company has a 50-day moving average price of $112.45 and a two-hundred day moving average price of $100.33.

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

Walt Disney Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is 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.