The Walt Disney Company (NYSE:DIS) Holdings Lifted by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 615,841 shares of the entertainment giant’s stock after buying an additional 1,122 shares during the quarter. Calamos Advisors LLC’s holdings in Walt Disney were worth $68,574,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Czech National Bank raised its holdings in Walt Disney by 6.3% during the third quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock worth $35,532,000 after acquiring an additional 21,998 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Walt Disney by 14.2% in the 3rd quarter. GAMMA Investing LLC now owns 19,675 shares of the entertainment giant’s stock worth $1,893,000 after acquiring an additional 2,443 shares during the last quarter. Herbst Group LLC lifted its stake in Walt Disney by 0.6% in the third quarter. Herbst Group LLC now owns 23,048 shares of the entertainment giant’s stock valued at $2,217,000 after purchasing an additional 140 shares during the last quarter. Eagle Rock Investment Company LLC boosted its stake in Walt Disney by 1.6% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 65,087 shares of the entertainment giant’s stock worth $6,261,000 after purchasing an additional 1,046 shares during the period. Finally, Miracle Mile Advisors LLC increased its position in shares of Walt Disney by 10.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 37,963 shares of the entertainment giant’s stock valued at $3,652,000 after purchasing an additional 3,620 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Rosenblatt Securities increased their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Bank of America increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Stock Performance

NYSE DIS opened at $114.10 on Tuesday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a market cap of $206.35 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.02 and a beta of 1.43. The business’s 50 day moving average price is $112.34 and its 200-day moving average price is $100.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

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.