Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 120.97MM shares of Walt Disney Co (DIS). This represents 6.6% of the company.
In their previous filing dated February 3, 2022 they reported 116.79MM shares and 6.40% of the company, an increase in shares of 3.58% and an increase in total ownership of 0.20% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 16.25% Upside
As of February 7, 2023, the average one-year price target for Walt Disney is $127.73. The forecasts range from a low of $94.94 to a high of $240.45. The average price target represents an increase of 16.25% from its latest reported closing price of $109.87.
The projected annual revenue for Walt Disney is $91,544MM, an increase of 10.66%. The projected annual EPS is $4.18, an increase of 141.37%.
Fund Sentiment
There are 4141 funds or institutions reporting positions in Walt Disney. This is a decrease of 52 owner(s) or 1.24%.
Average portfolio weight of all funds dedicated to US:DIS is 0.6147%, a decrease of 5.8646%. Total shares owned by institutions increased in the last three months by 0.97% to 1,258,057K shares.
What are large shareholders doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 54,386,980 shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 53,640,885 shares, representing an increase of 1.37%. The firm increased its portfolio allocation in DIS by 5.61% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 41,327,621 shares representing 2.26% ownership of the company. In it's prior filing, the firm reported owning 40,316,942 shares, representing an increase of 2.45%. The firm increased its portfolio allocation in DIS by 5.92% over the last quarter.
State Farm Mutual Automobile Insurance holds 33,996,592 shares representing 1.86% ownership of the company. No change in the last quarter.
Geode Capital Management holds 31,168,854 shares representing 1.71% ownership of the company. In it's prior filing, the firm reported owning 30,484,736 shares, representing an increase of 2.19%. The firm increased its portfolio allocation in DIS by 5.87% over the last quarter.
Price T Rowe Associates holds 24,123,546 shares representing 1.32% ownership of the company. In it's prior filing, the firm reported owning 24,984,524 shares, representing a decrease of 3.57%. The firm increased its portfolio allocation in DIS by 25.12% over the last quarter.
Walt Disney Declares $0.88 Dividend
Walt Disney said on December 4, 2019 that its board of directors declared a regular semi-annual dividend of $0.88 per share ($1.76 annualized). Shareholders of record as of December 13, 2019 received the payment on January 16, 2020. Previously, the company paid $0.88 per share.
At the current share price of $109.87 / share, the stock's dividend yield is 1.60%. Looking back five years and taking a sample every week, the average dividend yield has been 1.47%, the lowest has been 1.17%, and the highest has been 2.05%. The standard deviation of yields is 0.18 (n=108).
The current dividend yield is 0.74 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.00. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -1.00%.
Walt Disney Co Background Information
(This description is provided by the company.)
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise that includes Parks, Experiences and Products; Media & Entertainment Distribution; and three content groups—Studios, General Entertainment and Sports–focused on developing and producing content for DTC, theatrical and linear platforms. Disney is a Dow 30 company and had annual revenues of $65.4 billion in its Fiscal Year 2020.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
