The Walt Disney Company (NYSE:DIS) Shares Sold by Cora Capital Advisors LLC

Cora Capital Advisors LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 20.0% in the 4th quarter, HoldingsChannel reports. The fund owned 2,002 shares of the entertainment giant’s stock after selling 500 shares during the quarter. Cora Capital Advisors LLC’s holdings in Walt Disney were worth $223,000 as of its most recent SEC filing.

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

Insider Activity

In other news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’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 transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research analyst reports. Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Wells Fargo & Company increased their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI upped their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Stock Performance

DIS opened at $112.25 on Friday. The stock’s 50 day simple moving average is $112.46 and its 200 day simple moving average is $100.07. The stock has a market cap of $203.28 billion, a P/E ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a dividend 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 36.90%.

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.