Montz Harcus Wealth Management LLC Takes $227,000 Position in The Walt Disney Company (NYSE:DIS)

Montz Harcus Wealth Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,037 shares of the entertainment giant’s stock, valued at approximately $227,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after purchasing an additional 490,681 shares during the period. Geode Capital Management LLC increased its holdings in Walt Disney by 3.8% in the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. FMR LLC lifted its position in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Jennison Associates LLC boosted its stake in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Walt Disney by 3.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock worth $1,332,297,000 after acquiring an additional 454,678 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. Bank of America lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Jefferies Financial Group began coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. 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 on the stock. Finally, Evercore ISI upped their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Six investment 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. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.85.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the 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 completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % 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 over the last quarter. Company insiders own 0.16% of the company’s stock.

Walt Disney Trading Down 0.2 %

Shares of DIS opened at $109.01 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $197.06 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 1.95 and a beta of 1.42. The business’s fifty day moving average is $111.71 and its 200-day moving average is $101.39.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities analysts anticipate that The Walt Disney Company will post 5.43 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. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 32.57%.

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.