Executive Wealth Management LLC Buys New Stake in The Walt Disney Company (NYSE:DIS)

Executive Wealth Management LLC bought a new stake in The Walt Disney Company (NYSE:DIS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,359 shares of the entertainment giant’s stock, valued at approximately $227,000.

Other large investors have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in Walt Disney in the second quarter valued at $32,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank grew its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of Walt Disney during the third quarter worth about $51,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DIS shares. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen raised their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Needham & Company LLC raised their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI raised their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $123.67.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $114.75 on Wednesday. The company has a 50-day moving average price of $103.07 and a 200 day moving average price of $97.73. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market cap of $207.81 billion, a P/E ratio of 42.34, a PEG ratio of 2.05 and a beta of 1.42.

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

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be 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 is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is presently 33.21%.

Insider Activity

In other 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 transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’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 directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.