Bar Harbor Wealth Management Purchases 525 Shares of The Walt Disney Company (NYSE:DIS)

Bar Harbor Wealth Management lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,586 shares of the entertainment giant’s stock after purchasing an additional 525 shares during the quarter. Bar Harbor Wealth Management’s holdings in Walt Disney were worth $5,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the 2nd quarter valued at approximately $32,000. First PREMIER Bank boosted its stake in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Walt Disney during the 3rd quarter valued at about $51,000. Birch Capital Management LLC bought a new stake in Walt Disney during the 4th quarter valued at about $56,000. Finally, Livelsberger Financial Advisory purchased a new position in Walt Disney in the third quarter worth about $57,000. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last three months. 0.10% of the stock is owned by insiders.

Walt Disney Trading Down 0.5 %

DIS stock traded down $0.57 during mid-day trading on Monday, reaching $108.08. 4,382,684 shares of the stock traded hands, compared to its average volume of 6,527,829. The Walt Disney Company has a one year low of $83.91 and a one year 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. The business has a 50-day moving average price of $111.11 and a two-hundred day moving average price of $99.43. The stock has a market capitalization of $195.73 billion, a PE ratio of 39.88, a PEG ratio of 2.03 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the previous year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

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

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. TD Cowen upped their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Rosenblatt Securities increased their price objective on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Evercore ISI upped their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Guggenheim lifted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Company 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.