E. Ohman J or Asset Management AB Raises Stock Position in The Walt Disney Company (NYSE:DIS)

E. Ohman J or Asset Management AB boosted its stake in The Walt Disney Company (NYSE:DIS) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,610 shares of the entertainment giant’s stock after purchasing an additional 6,490 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Walt Disney were worth $9,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DIS. Czech National Bank boosted its stake 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 purchasing an additional 21,998 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Walt Disney by 14.2% during the 3rd 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 raised its position in Walt Disney by 0.6% in the third quarter. Herbst Group LLC now owns 23,048 shares of the entertainment giant’s stock worth $2,217,000 after acquiring an additional 140 shares during the period. Eagle Rock Investment Company LLC lifted its position in Walt Disney by 1.6% during the third quarter. Eagle Rock Investment Company LLC now owns 65,087 shares of the entertainment giant’s stock valued at $6,261,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its stake 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 acquiring an additional 3,620 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $114.10 on Tuesday. The firm has a market cap of $206.35 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. 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 Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The business’s fifty day simple moving average is $112.34 and its 200-day simple moving average is $100.66.

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

Walt Disney Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.52.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of the business’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 completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, 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. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last 90 days. 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.