Executive Wealth Management LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Executive Wealth Management LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,359 shares of the entertainment giant’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC lifted its position in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. First PREMIER Bank lifted its position in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at about $51,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Evercore ISI boosted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Guggenheim boosted 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. Piper Sandler initiated coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Loop Capital boosted their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Needham & Company LLC lifted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.67.

Walt Disney Price Performance

DIS stock opened at $114.75 on Wednesday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm has a market capitalization of $207.81 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.42. The business has a 50 day simple moving average of $103.07 and a 200-day simple moving average of $97.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date is Monday, December 16th. Walt Disney’s dividend payout ratio is 33.21%.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction 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 in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Walt Disney Company Profile

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.