Forvis Mazars Wealth Advisors LLC decreased its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,988 shares of the entertainment giant’s stock after selling 1,553 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Walt Disney were worth $5,455,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Lansing Street Advisors acquired a new position in shares of Walt Disney in the 4th quarter valued at $232,000. Howard Capital Management Inc. raised its stake in shares of Walt Disney by 6.3% in the 4th quarter. Howard Capital Management Inc. now owns 11,479 shares of the entertainment giant’s stock valued at $1,278,000 after buying an additional 681 shares in the last quarter. Integral Investment Advisors Inc. raised its stake in shares of Walt Disney by 12.2% in the 4th quarter. Integral Investment Advisors Inc. now owns 14,040 shares of the entertainment giant’s stock valued at $1,563,000 after buying an additional 1,522 shares in the last quarter. Wealthspire Advisors LLC increased its position in shares of Walt Disney by 3.9% during the 4th quarter. Wealthspire Advisors LLC now owns 26,006 shares of the entertainment giant’s stock worth $2,896,000 after purchasing an additional 974 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its position in shares of Walt Disney by 7.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 2,991 shares of the entertainment giant’s stock worth $333,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.
Walt Disney Price Performance
NYSE DIS opened at $108.62 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market capitalization of $196.37 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The firm’s 50 day moving average is $110.70 and its 200-day moving average is $102.49.
Walt Disney Increases Dividend
The company also recently announced 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 was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.
Insider Activity at Walt Disney
In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction on 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 of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on DIS. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. TD Cowen increased their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Bank of America lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.44.
Read Our Latest Research Report on DIS
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.
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