Weaver Consulting Group Reduces Stock Holdings in The Walt Disney Company (NYSE:DIS)

Weaver Consulting Group reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,017 shares of the entertainment giant’s stock after selling 210 shares during the quarter. Weaver Consulting Group’s holdings in Walt Disney were worth $781,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DIS. One Wealth Capital Management LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at $227,000. Birch Capital Management LLC purchased a new position in Walt Disney during the 4th quarter valued at about $56,000. Spartan Planning & Wealth Management bought a new stake in Walt Disney during the fourth quarter worth about $302,000. Regent Peak Wealth Advisors LLC grew its holdings in Walt Disney by 4.5% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,920 shares of the entertainment giant’s stock worth $325,000 after purchasing an additional 126 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Walt Disney by 6.8% during the fourth quarter. Diversified Trust Co now owns 19,048 shares of the entertainment giant’s stock valued at $2,121,000 after purchasing an additional 1,206 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Walt Disney news, 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

Walt Disney stock opened at $111.39 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market cap of $201.72 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43. The firm has a 50-day moving average of $110.29 and a two-hundred day moving average of $99.28. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

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

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.50 per share. This represents a yield of 0.6%. This is a boost 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 is presently 36.90%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler started coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group began coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Rosenblatt Securities raised their price target 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. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price 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.