Independent Solutions Wealth Management LLC Sells 957 Shares of The Walt Disney Company (NYSE:DIS)

Independent Solutions Wealth Management LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 23.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,181 shares of the entertainment giant’s stock after selling 957 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Walt Disney were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Smithfield Trust Co grew its stake in shares of Walt Disney by 0.5% during the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after acquiring an additional 102 shares during the period. Drucker Wealth 3.0 LLC boosted its position in shares of Walt Disney by 0.9% in the third quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock worth $1,121,000 after purchasing an additional 106 shares during the period. Connable Office Inc. increased its stake in shares of Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after purchasing an additional 108 shares in the last quarter. Cozad Asset Management Inc. raised its position in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares during the period. Finally, Absher Wealth Management LLC lifted its stake in shares of Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.58.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $111.37 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $201.68 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 2.05 and a beta of 1.42. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm’s 50-day moving average is $106.21 and its 200 day moving average is $98.39.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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 return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Research 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 will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be 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 of this dividend is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

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.