Beacon Financial Advisory LLC Acquires 207 Shares of The Walt Disney Company (NYSE:DIS)

Beacon Financial Advisory LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,936 shares of the entertainment giant’s stock after purchasing an additional 207 shares during the period. Beacon Financial Advisory LLC’s holdings in Walt Disney were worth $995,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DIS. Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $35,000. Hager Investment Management Services LLC bought a new stake in shares of Walt Disney during the fourth quarter worth about $43,000. Cedar Mountain Advisors LLC raised 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 worth $44,000 after acquiring an additional 110 shares during the last quarter. Friedenthal Financial bought a new position in Walt Disney in the 4th quarter valued at about $49,000. Finally, First PREMIER Bank boosted 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 valued at $50,000 after purchasing an additional 256 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was 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 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of DIS stock opened at $110.41 on Thursday. The firm’s 50 day moving average is $112.26 and its 200 day moving average is $100.89. The stock has a market capitalization of $199.67 billion, a P/E ratio of 40.74, a PEG ratio of 2.02 and a beta of 1.42. The Walt Disney Company has a 12 month low of $83.91 and a 12 month 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 Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is 36.90%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DIS shares. Bank of America raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company upped their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Needham & Company LLC lifted 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. Six equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.65.

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.