LVW Advisors LLC Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)

LVW Advisors LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 14.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,470 shares of the entertainment giant’s stock after purchasing an additional 700 shares during the quarter. LVW Advisors LLC’s holdings in Walt Disney were worth $609,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DIS. Client 1ST Advisory Group LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $313,000. Kaydan Wealth Management Inc. acquired a new stake in Walt Disney in the 4th quarter worth about $201,000. Grove Bank & Trust raised its holdings in shares of Walt Disney by 3.4% during the fourth quarter. Grove Bank & Trust now owns 17,419 shares of the entertainment giant’s stock valued at $1,940,000 after acquiring an additional 575 shares during the last quarter. Ballast Inc. lifted its position in shares of Walt Disney by 4.9% in the fourth quarter. Ballast Inc. now owns 13,207 shares of the entertainment giant’s stock valued at $1,471,000 after acquiring an additional 614 shares in the last quarter. Finally, My Legacy Advisors LLC boosted its stake in shares of Walt Disney by 3.7% in the fourth quarter. My Legacy Advisors LLC now owns 11,233 shares of the entertainment giant’s stock worth $1,215,000 after acquiring an additional 398 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.6 %

Shares of DIS opened at $107.07 on Tuesday. The company’s 50-day simple moving average is $112.08 and its 200-day simple moving average is $99.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market capitalization of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43.

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 analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Loop Capital increased their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. TD Cowen raised their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Rosenblatt Securities upped 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. Jefferies Financial Group began coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was 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 this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last quarter. 0.10% of the stock is owned by company insiders.

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.