Princeton Global Asset Management LLC Trims Stake in The Walt Disney Company (NYSE:DIS)

Princeton Global Asset Management LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 33.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,011 shares of the entertainment giant’s stock after selling 500 shares during the period. Princeton Global Asset Management LLC’s holdings in Walt Disney were worth $113,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DIS. JB Capital LLC lifted its stake in shares of Walt Disney by 13.3% in the 4th quarter. JB Capital LLC now owns 61,147 shares of the entertainment giant’s stock valued at $6,809,000 after purchasing an additional 7,181 shares during the period. Chicago Capital LLC boosted its holdings in shares of Walt Disney by 2.1% during the 4th quarter. Chicago Capital LLC now owns 11,793 shares of the entertainment giant’s stock valued at $1,313,000 after buying an additional 239 shares in the last quarter. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth about $421,000. FSM Wealth Advisors LLC bought a new position in shares of Walt Disney in the 4th quarter worth about $239,000. Finally, HHM Wealth Advisors LLC lifted its position in Walt Disney by 225.5% during the 4th quarter. HHM Wealth Advisors LLC now owns 5,576 shares of the entertainment giant’s stock valued at $621,000 after acquiring an additional 3,863 shares during the period. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on DIS. TD Cowen raised their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Bank of America boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $114.10 on Tuesday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market capitalization of $206.35 billion, a price-to-earnings ratio of 42.10, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $112.34 and a 200 day moving average of $100.66.

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

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given 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 payout ratio is presently 36.90%.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on 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 directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by company insiders.

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.