Acropolis Investment Management LLC Has $278,000 Position in The Walt Disney Company (NYSE:DIS)

Acropolis Investment Management LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 7.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,497 shares of the entertainment giant’s stock after selling 203 shares during the period. Acropolis Investment Management LLC’s holdings in Walt Disney were worth $278,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. increased its position in Walt Disney by 53.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,033 shares of the entertainment giant’s stock valued at $449,000 after acquiring an additional 1,406 shares during the period. Park Avenue Securities LLC grew its stake in shares of Walt Disney by 6.2% in the fourth quarter. Park Avenue Securities LLC now owns 70,226 shares of the entertainment giant’s stock worth $7,818,000 after purchasing an additional 4,083 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in Walt Disney by 33.8% in the fourth quarter. Kathmere Capital Management LLC now owns 4,762 shares of the entertainment giant’s stock valued at $530,000 after purchasing an additional 1,204 shares during the period. Crestmont Private Wealth LLC bought a new position in Walt Disney during the 4th quarter worth $201,000. Finally, Pines Wealth Management LLC acquired a new position in Walt Disney during the 4th quarter worth about $625,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. Sanford C. Bernstein increased their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Loop Capital increased their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Price Performance

Walt Disney stock opened at $108.12 on Thursday. The firm has a market capitalization of $195.80 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43. The firm’s fifty day moving average price is $111.58 and its two-hundred day moving average price is $99.51. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. On average, equities research analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is presently 36.90%.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is owned by corporate insiders.

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.