Strategic Financial Concepts LLC Acquires 128,535 Shares of The Walt Disney Company (NYSE:DIS)

Strategic Financial Concepts LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 6,063.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,655 shares of the entertainment giant’s stock after buying an additional 128,535 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Walt Disney were worth $14,548,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $35,000. Hager Investment Management Services LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $43,000. Cedar Mountain Advisors LLC raised its holdings in 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 during the last quarter. Friedenthal Financial bought a new position in Walt Disney in the 4th quarter valued at approximately $49,000. Finally, Retirement Wealth Solutions LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $50,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six research 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. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction 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 on Friday, November 22nd. The stock was 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 in the company, valued at $25,980,695.19. The trade was 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 have sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $110.83 on Friday. The company has a fifty day simple moving average of $112.00 and a 200 day simple moving average of $101.07. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. 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 company has a market cap of $200.43 billion, a P/E ratio of 40.90, a PEG ratio of 2.02 and a beta of 1.42.

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 return on equity of 9.21% and a net margin of 5.44%. Sell-side analysts predict 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 disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders 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 yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

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.