Chevy Chase Trust Holdings LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Chevy Chase Trust Holdings LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,521,524 shares of the entertainment giant’s stock after buying an additional 31,829 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.08% of Walt Disney worth $169,422,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $35,000. Hager Investment Management Services LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $43,000. Cedar Mountain Advisors LLC raised its holdings in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $49,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $50,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Loop Capital lifted their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Six 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 has an average rating of “Moderate Buy” and a consensus price target of $125.85.

Walt Disney Trading Up 0.3 %

Shares of DIS stock opened at $109.56 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a fifty day moving average of $111.41 and a two-hundred day moving average of $101.67. The firm has a market capitalization of $198.06 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, research analysts expect that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 32.57%.

Insider Transactions at Walt Disney

In other news, 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 sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. Corporate insiders own 0.16% of the company’s stock.

About Walt Disney

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.