Roberts Wealth Advisors LLC Buys 1,925 Shares of The Walt Disney Company (NYSE:DIS)

Roberts Wealth Advisors LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 4.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 48,329 shares of the entertainment giant’s stock after buying an additional 1,925 shares during the period. Walt Disney comprises approximately 1.6% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Roberts Wealth Advisors LLC’s holdings in Walt Disney were worth $5,228,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the second quarter valued at approximately $32,000. Friedenthal Financial bought a new stake in Walt Disney in the 4th quarter valued at $49,000. First PREMIER Bank boosted its stake in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Walt Disney in the 4th quarter valued at $50,000. Finally, FSA Wealth Management LLC bought a new position in Walt Disney during the 3rd quarter worth $51,000. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DIS shares. Rosenblatt Securities boosted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Piper Sandler initiated coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Wells Fargo & Company increased their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Guggenheim lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.54.

Insider Buying and Selling at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Up 1.6 %

Walt Disney stock opened at $108.72 on Wednesday. The firm has a 50 day moving average price of $112.20 and a two-hundred day moving average price of $99.76. 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 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $196.89 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 1.91 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, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. Walt Disney’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

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

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.