David Wealth Management LLC Invests $483,000 in The Walt Disney Company (NYSE:DIS)

David Wealth Management LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,334 shares of the entertainment giant’s stock, valued at approximately $483,000. Walt Disney comprises about 0.4% of David Wealth Management LLC’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds also recently bought and sold shares of DIS. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Walt Disney by 38.3% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,591 shares of the entertainment giant’s stock valued at $249,000 after acquiring an additional 718 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Walt Disney by 8.1% during the third quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock valued at $348,000 after purchasing an additional 270 shares during the last quarter. Creative Planning grew its holdings in Walt Disney by 0.9% during the third quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock valued at $59,827,000 after purchasing an additional 5,972 shares during the last quarter. Iams Wealth Management LLC bought a new position in shares of Walt Disney in the third quarter valued at approximately $276,000. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of Walt Disney by 7.4% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 14,107 shares of the entertainment giant’s stock worth $1,357,000 after buying an additional 968 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.2 %

DIS stock opened at $109.01 on Wednesday. The business has a fifty day moving average price of $111.71 and a 200 day moving average price of $101.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a market capitalization of $197.06 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Analysts expect that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 over the last 90 days. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on DIS. Wells Fargo & Company lifted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research 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 target price on the stock. Sanford C. Bernstein upped their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney 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.