Dash Acquisitions Inc. Raises Stock Position in The Walt Disney Company (NYSE:DIS)


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Dash Acquisitions Inc. raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 22.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,861 shares of the entertainment giant’s stock after purchasing an additional 711 shares during the quarter. The Walt Disney comprises about 0.5% of Dash Acquisitions Inc.’s holdings, making the stock its 29th biggest position. Dash Acquisitions Inc.’s holdings in The Walt Disney were worth $712,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Inspire Advisors LLC purchased a new stake in shares of The Walt Disney during the fourth quarter worth $27,000. Kinloch Capital LLC purchased a new stake in shares of The Walt Disney during the fourth quarter worth $28,000. Advanced Research Investment Solutions LLC grew its holdings in shares of The Walt Disney by 50.9% during the fourth quarter. Advanced Research Investment Solutions LLC now owns 163 shares of the entertainment giant’s stock worth $30,000 after buying an additional 55 shares in the last quarter. Flagship Private Wealth LLC purchased a new stake in shares of The Walt Disney during the fourth quarter worth $27,000. Finally, Klaas Financial Asset Advisors LLC purchased a new stake in shares of The Walt Disney during the fourth quarter worth $33,000. 62.83% of the stock is owned by institutional investors and hedge funds.

DIS has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of The Walt Disney from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 12th. Credit Suisse Group boosted their price target on shares of The Walt Disney from $192.00 to $218.00 and gave the company an “outperform” rating in a research report on Friday, February 12th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Walt Disney from $185.00 to $222.00 and gave the company a “buy” rating in a research report on Tuesday, February 16th. Sanford C. Bernstein reissued a “neutral” rating and set a $167.00 price target on shares of The Walt Disney in a research report on Monday. Finally, Truist Securities boosted their price target on shares of The Walt Disney from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company. The Walt Disney currently has an average rating of “Buy” and an average target price of $191.69.

In related news, Chairman Robert A. Iger sold 120,946 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $200.82, for a total transaction of $24,288,375.72. Following the sale, the chairman now directly owns 1,227,381 shares in the company, valued at $246,482,652.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert A. Iger sold 220,000 shares of the stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $190.12, for a total transaction of $41,826,400.00. Following the completion of the transaction, the chairman now owns 1,397,989 shares in the company, valued at $265,785,668.68. The disclosure for this sale can be found here. Insiders have sold 880,127 shares of company stock worth $165,481,307 over the last 90 days. Insiders own 0.31% of the company’s stock.

Shares of DIS opened at $183.11 on Thursday. The company’s 50-day simple moving average is $189.84 and its 200-day simple moving average is $166.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.32. The Walt Disney Company has a 1 year low of $98.86 and a 1 year high of $203.02. The stock has a market capitalization of $332.39 billion, a PE ratio of -115.16, a P/E/G ratio of 5.07 and a beta of 1.20.

The Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.77. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The firm had revenue of $16.25 billion for the quarter, compared to analyst estimates of $15.84 billion. On average, sell-side analysts predict that The Walt Disney Company will post 1.69 earnings per share for the current year.

The 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 domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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