Good Life Advisors LLC Acquires 5,348 Shares of The Walt Disney Company (NYSE:DIS)

Good Life Advisors LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 31.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,430 shares of the entertainment giant’s stock after buying an additional 5,348 shares during the quarter. Good Life Advisors LLC’s holdings in Walt Disney were worth $2,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. OLD National Bancorp IN grew its holdings in shares of Walt Disney by 13.7% in the 3rd quarter. OLD National Bancorp IN now owns 14,612 shares of the entertainment giant’s stock worth $1,406,000 after purchasing an additional 1,758 shares during the last quarter. Vest Financial LLC grew its holdings in shares of Walt Disney by 200.6% in the 3rd quarter. Vest Financial LLC now owns 6,554 shares of the entertainment giant’s stock worth $630,000 after purchasing an additional 4,374 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Walt Disney by 4.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock worth $10,377,000 after purchasing an additional 4,878 shares during the last quarter. Ledyard National Bank grew its holdings in shares of Walt Disney by 3.9% in the 3rd quarter. Ledyard National Bank now owns 6,300 shares of the entertainment giant’s stock worth $606,000 after purchasing an additional 235 shares during the last quarter. Finally, Telos Capital Management Inc. grew its holdings in shares of Walt Disney by 3.0% in the 3rd quarter. Telos Capital Management Inc. now owns 72,105 shares of the entertainment giant’s stock worth $6,936,000 after purchasing an additional 2,128 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $109.48 on Wednesday. The stock has a 50-day moving average of $110.95 and a 200-day moving average of $102.13. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market cap of $197.91 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its earnings results 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 9.95% and a net margin of 6.07%. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio is presently 32.57%.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the firm’s 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. This represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DIS. 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 report on Friday, November 15th. 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 report on Friday, November 15th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Guggenheim upped their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.85.

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.