The Walt Disney Company (NYSE:DIS) Shares Sold by Joseph P. Lucia & Associates LLC

Joseph P. Lucia & Associates LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,021 shares of the entertainment giant’s stock after selling 567 shares during the period. Joseph P. Lucia & Associates LLC’s holdings in Walt Disney were worth $782,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. IRON Financial LLC purchased a new position in Walt Disney in the 4th quarter valued at about $203,000. Greenup Street Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter valued at about $1,652,000. BankPlus Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $545,000. Northwest Financial Advisors increased its holdings in Walt Disney by 5.7% during the 4th quarter. Northwest Financial Advisors now owns 2,663 shares of the entertainment giant’s stock worth $297,000 after purchasing an additional 144 shares during the last quarter. Finally, Nilsine Partners LLC boosted its stake in shares of Walt Disney by 4.9% during the 4th quarter. Nilsine Partners LLC now owns 38,371 shares of the entertainment giant’s stock valued at $4,273,000 after buying an additional 1,794 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $113.18 on Tuesday. The company has a market cap of $204.97 billion, a P/E ratio of 41.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company’s fifty day moving average is $112.46 and its two-hundred day moving average is $100.11. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. Equities analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued 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 currently 36.90%.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DIS. Wells Fargo & Company upped their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Macquarie reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Finally, Morgan Stanley upped their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Five investment 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 stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.52.

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.