Adero Partners LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Adero Partners LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,866 shares of the entertainment giant’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at $35,000. Hager Investment Management Services LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at $43,000. Cedar Mountain Advisors LLC lifted its position in shares of Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 110 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Walt Disney in the fourth quarter valued at $49,000. Finally, First PREMIER Bank increased its stake in Walt Disney by 98.1% in the third 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 hedge funds and other institutional investors.

Walt Disney Trading Up 1.5 %

Shares of DIS opened at $112.15 on Friday. The company has a market capitalization of $202.82 billion, a P/E ratio of 41.38, a P/E/G ratio of 2.02 and a beta of 1.42. 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 quick ratio of 0.67 and a current ratio of 0.73. The stock has a 50-day moving average price of $112.11 and a 200 day moving average price of $100.99.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. Sell-side analysts forecast 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. Investors of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 36.90%.

Insider Activity at Walt Disney

In other Walt Disney 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several analyst reports. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.