Elser Financial Planning Inc Increases Position in The Walt Disney Company (NYSE:DIS)

Elser Financial Planning Inc raised its position in The Walt Disney Company (NYSE:DIS) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 2,656 shares of the entertainment giant’s stock after buying an additional 105 shares during the quarter. Elser Financial Planning Inc’s holdings in Walt Disney were worth $296,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $35,000. Hager Investment Management Services LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $43,000. Cedar Mountain Advisors LLC boosted 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 valued at $44,000 after buying an additional 110 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Walt Disney in the 4th quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $50,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $110.83 on Monday. The company has a 50-day simple moving average of $111.87 and a 200-day simple moving average of $101.19. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $200.36 billion, a PE ratio of 36.10, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts predict that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly 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 transaction 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 firm’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Sanford C. Bernstein increased their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Rosenblatt Securities increased their price target on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Six 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

About Walt Disney

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.