Dynamic Advisor Solutions LLC Lowers Position in The Walt Disney Company (NYSE:DIS)

Dynamic Advisor Solutions LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,563 shares of the entertainment giant’s stock after selling 3,046 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Walt Disney were worth $4,628,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. purchased a new position in shares of Walt Disney during the 2nd quarter worth approximately $32,000. Friedenthal Financial purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $49,000. First PREMIER Bank grew its holdings in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Walt Disney in the fourth quarter worth $50,000. Finally, FSA Wealth Management LLC acquired a new stake in Walt Disney in the third quarter valued at $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $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 sold a total of 385,412 shares of company stock worth $44,153,263 in the last ninety days. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $112.25 on Friday. The stock has a fifty day moving average price of $112.46 and a 200 day moving average price of $100.07. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. 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 capitalization of $203.28 billion, a P/E ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend 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 payout ratio is currently 36.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DIS shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday. Bank of America upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, TD Cowen lifted their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.