Northwestern Mutual Wealth Management Co. Buys 4,804 Shares of Walt Disney Co (NYSE:DIS)

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Northwestern Mutual Wealth Management Co. boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,176 shares of the entertainment giant’s stock after acquiring an additional 4,804 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Walt Disney were worth $19,550,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Canton Hathaway LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at $107,000. CSat Investment Advisory L.P. purchased a new stake in shares of Walt Disney in the 2nd quarter valued at $112,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Walt Disney in the 2nd quarter valued at $121,000. Fort L.P. purchased a new stake in shares of Walt Disney in the 2nd quarter valued at $121,000. Finally, Lenox Wealth Advisors LLC raised its holdings in shares of Walt Disney by 807.2% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,134 shares of the entertainment giant’s stock valued at $133,000 after buying an additional 1,009 shares during the period. Institutional investors own 62.90% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Morgan Stanley upped their price target on Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. B. Riley restated a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Finally, Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $104.00 to $130.00 in a report on Friday, October 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $122.82.

In other news, EVP Mary Jayne Parker sold 29,192 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the transaction, the executive vice president now directly owns 29,199 shares of the company’s stock, valued at approximately $3,445,190.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $120.00, for a total value of $5,727,960.00. The disclosure for this sale can be found here. Insiders have sold a total of 83,109 shares of company stock valued at $9,873,101 over the last ninety days. 0.38% of the stock is owned by insiders.

Shares of NYSE DIS traded down $2.78 during trading hours on Friday, reaching $104.22. The stock had a trading volume of 15,523,741 shares, compared to its average volume of 8,133,478. The stock has a market cap of $159.29 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $120.20.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The firm had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the prior year, the firm earned $1.07 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Sell-side analysts anticipate that Walt Disney Co will post 7.11 earnings per share for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 10th will be given a dividend of $0.88 per share. This represents a yield of 1.51%. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date of this dividend is Friday, December 7th. Walt Disney’s dividend payout ratio (DPR) is presently 49.72%.

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Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company’s Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

Further Reading: Momentum Indicator: Relative Strength Index

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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