The Walt Disney Company (NYSE:DIS) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC raised its position in The Walt Disney Company (NYSE:DIS) by 12.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,247 shares of the entertainment giant’s stock after acquiring an additional 467 shares during the period. Accurate Wealth Management LLC’s holdings in Walt Disney were worth $461,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farmers Trust Co. lifted its stake in shares of Walt Disney by 1.1% in the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after purchasing an additional 92 shares during the period. Smithfield Trust Co lifted its stake in shares of Walt Disney by 0.5% in the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after purchasing an additional 102 shares during the period. Drucker Wealth 3.0 LLC lifted its stake in shares of Walt Disney by 0.9% in the third quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock valued at $1,121,000 after purchasing an additional 106 shares during the period. Connable Office Inc. lifted its stake in shares of Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock valued at $3,371,000 after purchasing an additional 108 shares during the period. Finally, Cozad Asset Management Inc. lifted its stake in shares of Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Rosenblatt Securities raised their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Bank of America raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $108.12 on Thursday. The company has a market cap of $195.80 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The company has a 50-day simple moving average of $111.58 and a 200-day simple moving average of $99.51.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a $0.50 dividend. The ex-dividend date is Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.10% of the company’s stock.

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.