The Walt Disney Company (NYSE:DIS) Stake Lifted by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 152.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,751 shares of the entertainment giant’s stock after purchasing an additional 57,788 shares during the period. Miracle Mile Advisors LLC’s holdings in Walt Disney were worth $10,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC lifted its position in shares of Walt Disney by 71.6% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,794 shares of the entertainment giant’s stock valued at $1,071,000 after acquiring an additional 4,502 shares during the last quarter. Lyell Wealth Management LP lifted its holdings in shares of Walt Disney by 1.3% during the second quarter. Lyell Wealth Management LP now owns 45,484 shares of the entertainment giant’s stock valued at $4,516,000 after purchasing an additional 575 shares during the last quarter. Williams Financial LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at $1,109,000. Diversify Wealth Management LLC acquired a new stake in Walt Disney during the 2nd quarter worth about $2,254,000. Finally, Hanson & Doremus Investment Management lifted its stake in Walt Disney by 6.5% during the second quarter. Hanson & Doremus Investment Management now owns 48,656 shares of the entertainment giant’s stock valued at $4,831,000 after buying an additional 2,982 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on DIS shares. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Morgan Stanley boosted their target price 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. Loop Capital raised their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. TD Cowen upped their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were 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 directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % 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 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Performance

DIS traded down $0.57 on Monday, hitting $108.08. The company had a trading volume of 6,443,766 shares, compared to its average volume of 6,902,465. The stock has a market cap of $195.73 billion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43. 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 company’s fifty day moving average price is $111.11 and its 200 day moving average price is $99.43. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last issued 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. 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 previous year, the company earned $0.82 earnings per share. Walt Disney’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be given 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 of this dividend is Monday, December 16th. Walt Disney’s payout ratio is currently 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.