Franklin Street Advisors Inc. NC Sells 14,045 Shares of The Walt Disney Company (NYSE:DIS)

Franklin Street Advisors Inc. NC cut its holdings in The Walt Disney Company (NYSE:DIS) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,644 shares of the entertainment giant’s stock after selling 14,045 shares during the period. Walt Disney accounts for 1.7% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 15th largest holding. Franklin Street Advisors Inc. NC’s holdings in Walt Disney were worth $25,682,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. ST Germain D J Co. Inc. raised its position in Walt Disney by 0.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 38,796 shares of the entertainment giant’s stock worth $4,320,000 after acquiring an additional 302 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Walt Disney by 39.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,514,810 shares of the entertainment giant’s stock valued at $168,674,000 after purchasing an additional 425,012 shares during the period. ORG Partners LLC grew its stake in Walt Disney by 29.7% during the fourth quarter. ORG Partners LLC now owns 2,405 shares of the entertainment giant’s stock valued at $268,000 after acquiring an additional 551 shares in the last quarter. Baker Tilly Wealth Management LLC grew its stake in Walt Disney by 7.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 14,804 shares of the entertainment giant’s stock valued at $1,648,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in Walt Disney by 4.9% during the fourth quarter. Fortitude Family Office LLC now owns 2,568 shares of the entertainment giant’s stock valued at $286,000 after acquiring an additional 119 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS stock traded down $1.31 during trading hours on Friday, hitting $108.45. The company’s stock had a trading volume of 3,284,269 shares, compared to its average volume of 6,017,289. The company has a 50 day moving average of $110.85 and a 200 day moving average of $99.40. The stock has a market cap of $196.40 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business 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 business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. On average, sell-side analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be issued a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. Walt Disney’s dividend payout ratio is 36.90%.

Analysts Set New Price Targets

Several research firms recently weighed in on DIS. Bank of America raised their target price 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. Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Piper Sandler assumed coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.54.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction 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 in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction 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 represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last ninety days. 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.