550 Shares in The Walt Disney Company (NYSE:DIS) Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 550 shares of the entertainment giant’s stock, valued at approximately $61,000.

Several other large investors also recently modified their holdings of the stock. Concurrent Investment Advisors LLC grew its position in Walt Disney by 8.4% in the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after acquiring an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after purchasing an additional 114,701 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares during the last quarter. Summit Global Investments increased its position in shares of Walt Disney by 476.0% during the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB bought a new position in Walt Disney during the 4th quarter valued at about $15,125,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of DIS opened at $113.04 on Friday. The stock has a market cap 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. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock’s 50-day moving average price is $112.39 and its two-hundred day moving average price is $100.53. 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 released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping 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 analyst estimates of $22.49 billion. During the same quarter last year, the firm earned $0.82 EPS. Walt Disney’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Guggenheim increased their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, TD Cowen lifted their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

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.