MWA Asset Management Sells 321 Shares of The Walt Disney Company (NYSE:DIS)

MWA Asset Management lowered its stake in The Walt Disney Company (NYSE:DIS) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 13,452 shares of the entertainment giant’s stock after selling 321 shares during the quarter. MWA Asset Management’s holdings in Walt Disney were worth $1,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DIS. Vest Financial LLC lifted its holdings in shares of Walt Disney by 14.3% in the fourth quarter. Vest Financial LLC now owns 7,489 shares of the entertainment giant’s stock worth $834,000 after buying an additional 935 shares in the last quarter. Tenon Financial LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $235,000. Joel Isaacson & Co. LLC boosted its holdings in Walt Disney by 13.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 28,013 shares of the entertainment giant’s stock valued at $3,119,000 after purchasing an additional 3,272 shares during the period. Northstar Group Inc. boosted its holdings in Walt Disney by 8.4% in the 4th quarter. Northstar Group Inc. now owns 30,954 shares of the entertainment giant’s stock valued at $3,447,000 after purchasing an additional 2,406 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter valued at $469,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DIS. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the 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 completion of the sale, 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. Insiders have sold 385,412 shares of company stock valued at $44,153,263 over the last quarter. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 1.1 %

DIS stock opened at $110.83 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a market capitalization of $200.43 billion, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. The business’s 50 day moving average price is $112.00 and its two-hundred day moving average price is $101.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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, analysts forecast 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. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

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.