Joel Isaacson & Co. LLC Buys 3,272 Shares of The Walt Disney Company (NYSE:DIS)

Joel Isaacson & Co. LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,013 shares of the entertainment giant’s stock after purchasing an additional 3,272 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Walt Disney were worth $3,119,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wedmont Private Capital boosted its holdings in shares of Walt Disney by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 16,289 shares of the entertainment giant’s stock valued at $1,505,000 after purchasing an additional 693 shares in the last quarter. Perpetual Ltd lifted its position in shares of Walt Disney by 95.1% during the 3rd quarter. Perpetual Ltd now owns 27,701 shares of the entertainment giant’s stock worth $2,665,000 after buying an additional 13,504 shares during the last quarter. WealthBridge Investment Counsel Inc. boosted its stake in Walt Disney by 0.5% in the third quarter. WealthBridge Investment Counsel Inc. now owns 64,486 shares of the entertainment giant’s stock valued at $6,203,000 after buying an additional 300 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in Walt Disney by 4.1% in the third quarter. Pinnacle Bancorp Inc. now owns 5,651 shares of the entertainment giant’s stock valued at $544,000 after acquiring an additional 223 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new position in Walt Disney during the third quarter worth about $1,347,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.1 %

NYSE DIS opened at $110.83 on Friday. The stock has a market capitalization of $200.43 billion, a P/E ratio of 40.90, a P/E/G ratio of 2.02 and a beta of 1.42. The business has a 50 day simple moving average of $112.00 and a 200 day simple moving average of $101.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. Research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research analyst reports. Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Macquarie reiterated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Guggenheim raised 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. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities increased their target price on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.85.

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.