The Walt Disney Company (NYSE:DIS) Shares Sold by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,774 shares of the entertainment giant’s stock after selling 490 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Walt Disney were worth $420,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fulton Breakefield Broenniman LLC boosted its holdings in Walt Disney by 4.8% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 6,138 shares of the entertainment giant’s stock valued at $683,000 after purchasing an additional 283 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in Walt Disney by 4.8% in the fourth quarter. Gateway Wealth Partners LLC now owns 2,950 shares of the entertainment giant’s stock valued at $328,000 after acquiring an additional 135 shares during the last quarter. Orca Wealth Management LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $460,000. BSW Wealth Partners grew its position in Walt Disney by 8.5% in the fourth quarter. BSW Wealth Partners now owns 14,824 shares of the entertainment giant’s stock worth $1,651,000 after acquiring an additional 1,167 shares during the period. Finally, Falcon Wealth Planning increased its stake in Walt Disney by 16.3% during the fourth quarter. Falcon Wealth Planning now owns 3,671 shares of the entertainment giant’s stock worth $409,000 after acquiring an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $113.08 on Thursday. The company has a market capitalization of $204.79 billion, a price-to-earnings ratio of 41.73, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. 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. The stock has a 50 day moving average price of $112.45 and a 200 day moving average price of $100.33.

Walt Disney (NYSE:DIS) last issued its earnings results 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 quarter in the prior year, the business posted $0.82 EPS. 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 fiscal year.

Walt Disney Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 36.90%.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were 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 owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $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 valued at $44,153,263 in the last three months. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DIS shares. TD Cowen increased their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.