Diversify Wealth Management LLC Buys 14,461 Shares of The Walt Disney Company (NYSE:DIS)

Diversify Wealth Management LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 60.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,367 shares of the entertainment giant’s stock after purchasing an additional 14,461 shares during the period. Diversify Wealth Management LLC’s holdings in Walt Disney were worth $4,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the second quarter valued at approximately $32,000. Friedenthal Financial bought a new stake in Walt Disney during the 4th quarter valued at $49,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth $50,000. Birch Capital Management LLC bought a new position in shares of Walt Disney in the fourth quarter worth $56,000. Finally, First PREMIER Bank grew its position in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley upped 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. 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 for the company. Bank of America lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company upped their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.54.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Up 0.6 %

Shares of DIS opened at $107.07 on Monday. The stock has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $112.08 and a two-hundred day simple moving average of $99.69.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same period in the prior year, the business posted $0.82 earnings per share. Walt Disney’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts anticipate 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. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is 36.90%.

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.