Apollon Wealth Management LLC Purchases 6,956 Shares of The Walt Disney Company (NYSE:DIS)

Apollon Wealth Management LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 14.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 55,773 shares of the entertainment giant’s stock after buying an additional 6,956 shares during the quarter. Apollon Wealth Management LLC’s holdings in Walt Disney were worth $6,210,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney during the 4th quarter valued at about $35,000. Hager Investment Management Services LLC purchased a new stake in Walt Disney during the 4th quarter valued at $43,000. Cedar Mountain Advisors LLC grew its stake in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 110 shares during the period. Friedenthal Financial purchased a new stake in Walt Disney during the fourth quarter valued at approximately $49,000. Finally, Retirement Wealth Solutions LLC bought a new position in Walt Disney in the 4th quarter worth $50,000. 65.71% of the stock is currently owned by institutional investors.

Insider Activity

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 shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last 90 days. 0.16% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of DIS opened at $110.83 on Friday. The stock has a 50 day moving average of $112.00 and a 200-day moving average of $101.07. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a market cap of $200.43 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 2.02 and a beta of 1.42. 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 issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. As a group, analysts forecast that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a 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 (DPR) is currently 32.57%.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent analyst reports. Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their price objective on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Evercore ISI upped their target price on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.