The Walt Disney Company (NYSE:DIS) Stake Boosted by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.6% during the 4th quarter, HoldingsChannel reports. The fund owned 2,314 shares of the entertainment giant’s stock after acquiring an additional 122 shares during the period. Adamsbrown Wealth Consultants LLC’s holdings in Walt Disney were worth $258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Alterna Wealth Management Inc. lifted its stake in shares of Walt Disney by 9.3% in the 4th quarter. Alterna Wealth Management Inc. now owns 2,486 shares of the entertainment giant’s stock valued at $277,000 after purchasing an additional 211 shares during the last quarter. McAdam LLC lifted its stake in shares of Walt Disney by 3.9% in the 4th quarter. McAdam LLC now owns 4,263 shares of the entertainment giant’s stock valued at $475,000 after purchasing an additional 159 shares during the last quarter. Pacific Sage Partners LLC lifted its stake in shares of Walt Disney by 21.9% in the 4th quarter. Pacific Sage Partners LLC now owns 4,754 shares of the entertainment giant’s stock valued at $529,000 after purchasing an additional 855 shares during the last quarter. Round Rock Advisors LLC lifted its stake in shares of Walt Disney by 8.4% in the 4th quarter. Round Rock Advisors LLC now owns 3,421 shares of the entertainment giant’s stock valued at $381,000 after purchasing an additional 264 shares during the last quarter. Finally, River Street Advisors LLC lifted its stake in shares of Walt Disney by 7.9% in the 4th quarter. River Street Advisors LLC now owns 6,809 shares of the entertainment giant’s stock valued at $758,000 after purchasing an additional 496 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Brent Woodford sold 5,000 shares of the 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The sale 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 stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 over the last three months. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI lifted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. TD Cowen boosted their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Needham & Company LLC boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities boosted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Price Performance

DIS opened at $113.04 on Monday. The Walt Disney Company has a one year low of $83.91 and a one 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. The company’s 50 day simple moving average is $112.34 and its 200-day simple moving average is $100.64. The stock has a market capitalization of $204.43 billion, a P/E ratio of 41.71, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 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 for the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. Walt Disney’s revenue was up 6.3% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio is 36.90%.

Walt Disney Company 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.