Retirement Wealth Solutions LLC Purchases New Holdings in The Walt Disney Company (NYSE:DIS)

Retirement Wealth Solutions LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 464 shares of the entertainment giant’s stock, valued at approximately $50,000.

Several other large investors also recently bought and sold shares of DIS. Edgestream Partners L.P. increased its stake in shares of Walt Disney by 67.3% during the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after buying an additional 2,610 shares during the period. MQS Management LLC acquired a new position in Walt Disney during the second quarter worth approximately $479,000. Intech Investment Management LLC raised its position in Walt Disney by 38.1% in the 2nd quarter. Intech Investment Management LLC now owns 184,004 shares of the entertainment giant’s stock valued at $18,270,000 after purchasing an additional 50,759 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Walt Disney by 6.8% during the second quarter. Brighton Jones LLC now owns 28,076 shares of the entertainment giant’s stock worth $2,788,000 after buying an additional 1,778 shares during the period. Finally, Ieq Capital LLC lifted its position in Walt Disney by 1.6% during the 2nd quarter. Ieq Capital LLC now owns 179,075 shares of the entertainment giant’s stock worth $17,780,000 after acquiring an additional 2,779 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several analyst reports. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Loop Capital lifted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company upped their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.54.

Walt Disney Price Performance

NYSE:DIS opened at $107.07 on Friday. The stock’s 50 day moving average price is $111.92 and its two-hundred day moving average price is $99.62. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last posted 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 prior year, the business posted $0.82 earnings per share. Walt Disney’s revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 insiders.

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.