BigSur Wealth Management LLC Sells 800 Shares of The Walt Disney Company (NYSE:DIS)

BigSur Wealth Management LLC reduced its holdings in The Walt Disney Company (NYSE:DIS) by 11.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,950 shares of the entertainment giant’s stock after selling 800 shares during the quarter. BigSur Wealth Management LLC’s holdings in Walt Disney were worth $666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. M.E. Allison & CO. Inc. bought a new position in shares of Walt Disney in the 4th quarter worth $267,000. Diversify Wealth Management LLC grew its position in Walt Disney by 60.5% in the fourth quarter. Diversify Wealth Management LLC now owns 38,367 shares of the entertainment giant’s stock worth $4,169,000 after acquiring an additional 14,461 shares in the last quarter. LVW Advisors LLC increased its stake in Walt Disney by 14.7% in the fourth quarter. LVW Advisors LLC now owns 5,470 shares of the entertainment giant’s stock valued at $609,000 after acquiring an additional 700 shares during the last quarter. Client 1ST Advisory Group LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $313,000. Finally, Kaydan Wealth Management Inc. bought a new stake in Walt Disney during the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.6 %

DIS stock opened at $107.07 on Monday. The company has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. 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 business’s 50 day moving average price is $112.08 and its two-hundred day moving average price is $99.69. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last issued 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 company had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’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 earnings per share. As a group, analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Insider Buying and Selling

In other news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, 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 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 quarter. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DIS. Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Piper Sandler initiated coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. TD Cowen boosted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Guggenheim increased their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five equities research 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.54.

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.