The Walt Disney Company (NYSE:DIS) is Jeppson Wealth Management LLC’s 9th Largest Position

Jeppson Wealth Management LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,277 shares of the entertainment giant’s stock after selling 400 shares during the quarter. Walt Disney comprises 2.0% of Jeppson Wealth Management LLC’s holdings, making the stock its 9th largest holding. Jeppson Wealth Management LLC’s holdings in Walt Disney were worth $5,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the 2nd quarter worth $32,000. Cedar Mountain Advisors LLC boosted its holdings in Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 110 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Walt Disney during the fourth quarter worth about $49,000. First PREMIER Bank raised its position in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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 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 of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $113.18 on Tuesday. The stock has a market capitalization of $204.97 billion, a P/E ratio of 41.76, a P/E/G ratio of 1.95 and a beta of 1.43. The firm’s 50-day moving average price is $112.46 and its two-hundred day moving average price is $100.11. The Walt Disney Company has a 52-week low of $83.91 and a 52-week 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.

Walt Disney (NYSE:DIS) last posted 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 business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts forecast 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. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 36.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DIS shares. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Guggenheim raised their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC increased their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.52.

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.