The Walt Disney Company (NYSE:DIS) Shares Sold by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,143 shares of the entertainment giant’s stock after selling 1,402 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Walt Disney were worth $350,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $35,000. Hager Investment Management Services LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $43,000. Cedar Mountain Advisors LLC raised its position 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 worth $44,000 after purchasing an additional 110 shares during the period. Friedenthal Financial bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $49,000. Finally, First PREMIER Bank boosted its position in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares in the company, 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 quarter, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $110.41 on Thursday. The firm has a market cap of $199.67 billion, a price-to-earnings ratio of 40.74, a P/E/G ratio of 2.02 and a beta of 1.42. The business’s 50-day simple moving average is $112.11 and its 200-day simple moving average is $100.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. As a group, equities research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday. Guggenheim lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company upped their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. TD Cowen lifted their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.65.

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.