Osprey Private Wealth LLC Has $3.23 Million Stake in The Walt Disney Company (NYSE:DIS)

Osprey Private Wealth LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,985 shares of the entertainment giant’s stock after buying an additional 750 shares during the quarter. Walt Disney accounts for approximately 2.3% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. Osprey Private Wealth LLC’s holdings in Walt Disney were worth $3,227,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the fourth quarter valued at $35,000. Hager Investment Management Services LLC bought a new position in shares of Walt Disney during the fourth quarter valued at about $43,000. Cedar Mountain Advisors LLC grew its stake in shares of Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Walt Disney during the fourth quarter worth about $49,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $50,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $113.35 on Wednesday. The company’s 50-day moving average price is $112.30 and its 200-day moving average price is $100.77. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The company has a market cap of $205.00 billion, a P/E ratio of 41.83, a P/E/G ratio of 2.02 and a beta of 1.42. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. On average, sell-side analysts forecast 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 announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s payout ratio is 36.90%.

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 approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % 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 ninety days. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company raised their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Needham & Company LLC boosted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Six equities research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.65.

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.