The Walt Disney Company (NYSE:DIS) is Milestone Asset Management LLC’s 7th Largest Position

Milestone Asset Management LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 42.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,784 shares of the entertainment giant’s stock after buying an additional 28,707 shares during the period. Walt Disney makes up about 2.3% of Milestone Asset Management LLC’s holdings, making the stock its 7th biggest holding. Milestone Asset Management LLC’s holdings in Walt Disney were worth $10,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Walt Disney by 0.6% in the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after purchasing an additional 490,681 shares in the last quarter. Geode Capital Management LLC raised its holdings in Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after buying an additional 1,393,082 shares during the last quarter. FMR LLC raised its holdings in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Walt Disney by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock valued at $1,332,297,000 after buying an additional 454,678 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Walt Disney by 1.1% during the 3rd 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 buying an additional 114,701 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 0.8 %

DIS opened at $113.08 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $112.45 and a 200-day moving average price of $100.33. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock 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 announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. 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 of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio is currently 36.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Rosenblatt Securities upped their price target on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Needham & Company LLC upped their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen upped their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Finally, Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.52.

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.