The Walt Disney Company (NYSE:DIS) Shares Bought by Chicago Capital LLC

Chicago Capital LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,793 shares of the entertainment giant’s stock after buying an additional 239 shares during the quarter. Chicago Capital LLC’s holdings in Walt Disney were worth $1,313,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Czech National Bank lifted its holdings in Walt Disney by 6.3% in the 3rd quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock worth $35,532,000 after buying an additional 21,998 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Walt Disney by 14.2% in the third quarter. GAMMA Investing LLC now owns 19,675 shares of the entertainment giant’s stock valued at $1,893,000 after purchasing an additional 2,443 shares during the last quarter. Herbst Group LLC grew its stake in Walt Disney by 0.6% during the 3rd 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 in the last quarter. Eagle Rock Investment Company LLC increased its holdings in Walt Disney by 1.6% during 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 last quarter. Finally, Miracle Mile Advisors LLC raised its position in shares of Walt Disney by 10.5% in 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 in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Needham & Company LLC boosted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities increased their target price on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Five 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 company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.52.

Walt Disney Price Performance

Shares of NYSE DIS opened at $114.10 on Tuesday. The stock 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 firm’s 50-day simple moving average is $112.34 and its 200 day simple moving average is $100.66. 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 quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping 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 company had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the previous year, the firm earned $0.82 EPS. Walt Disney’s revenue was up 6.3% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

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

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 over the last 90 days. 0.16% of the stock is currently owned by company insiders.

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.