Goelzer Investment Management Inc. Sells 727 Shares of The Walt Disney Company (NYSE:DIS)

Goelzer Investment Management Inc. decreased its position in The Walt Disney Company (NYSE:DIS) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 30,431 shares of the entertainment giant’s stock after selling 727 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Walt Disney were worth $3,388,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DIS. William B. Walkup & Associates Inc. acquired a new position in Walt Disney during the second quarter worth $32,000. Friedenthal Financial bought a new stake in Walt Disney during the 4th quarter worth about $49,000. First PREMIER Bank boosted its stake in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Walt Disney in the 4th quarter valued at about $50,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of the 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 owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the business’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 transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $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 a total of 385,412 shares of company stock worth $44,153,263 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.1 %

DIS opened at $112.25 on Friday. The stock has a fifty day moving average of $112.52 and a 200-day moving average of $99.98. The company has a market capitalization of $203.28 billion, a P/E ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 36.90%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. TD Cowen upped their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Finally, 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 price objective for the company. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.52.

About Walt Disney

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.