Beacon Financial Group Has $599,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Beacon Financial Group trimmed its position in The Walt Disney Company (NYSE:DIS) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,375 shares of the entertainment giant’s stock after selling 110 shares during the quarter. Beacon Financial Group’s holdings in Walt Disney were worth $599,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. David Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter valued at $483,000. Montz Harcus Wealth Management LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth $227,000. Quent Capital LLC grew its holdings in shares of Walt Disney by 2.7% during the 4th quarter. Quent Capital LLC now owns 7,150 shares of the entertainment giant’s stock worth $796,000 after purchasing an additional 187 shares in the last quarter. Cardinal Strategic Wealth Guidance grew its holdings in shares of Walt Disney by 57.4% during the 4th quarter. Cardinal Strategic Wealth Guidance now owns 3,455 shares of the entertainment giant’s stock worth $385,000 after purchasing an additional 1,260 shares in the last quarter. Finally, New Republic Capital LLC grew its holdings in shares of Walt Disney by 17.3% during the 4th quarter. New Republic Capital LLC now owns 2,575 shares of the entertainment giant’s stock worth $287,000 after purchasing an additional 380 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Morgan Stanley increased their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company increased their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Finally, Citigroup reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Price Performance

Walt Disney stock opened at $109.25 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $197.50 billion, a PE ratio of 35.59, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a 50-day moving average price of $111.56 and a two-hundred day moving average price of $101.53.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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 year.

Walt Disney Increases Dividend

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

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. 0.16% 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.