Regent Peak Wealth Advisors LLC Buys 126 Shares of The Walt Disney Company (NYSE:DIS)

Regent Peak Wealth Advisors LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,920 shares of the entertainment giant’s stock after purchasing an additional 126 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Walt Disney were worth $325,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Koshinski Asset Management Inc. increased its stake in Walt Disney by 0.3% in the 4th quarter. Koshinski Asset Management Inc. now owns 39,136 shares of the entertainment giant’s stock valued at $4,358,000 after buying an additional 111 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in shares of Walt Disney by 9.6% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,943 shares of the entertainment giant’s stock valued at $328,000 after acquiring an additional 257 shares in the last quarter. Amplius Wealth Advisors LLC increased its position in shares of Walt Disney by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 6,967 shares of the entertainment giant’s stock valued at $776,000 after acquiring an additional 190 shares during the last quarter. Zhang Financial LLC bought a new stake in Walt Disney during the fourth quarter worth $224,000. Finally, Corundum Group Inc. boosted its position in Walt Disney by 117.5% in the fourth quarter. Corundum Group Inc. now owns 13,601 shares of the entertainment giant’s stock worth $1,514,000 after purchasing an additional 7,348 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $107.07 on Tuesday. The stock has a market cap of $193.90 billion, a P/E ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $112.08 and its two-hundred day moving average price is $99.70. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share 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 business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same period last year, the firm posted $0.82 earnings per share. Walt Disney’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 5.41 EPS 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. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is currently 36.90%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Rosenblatt Securities raised their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Sanford C. Bernstein boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Guggenheim increased their target price 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. Finally, Wells Fargo & Company lifted their price target 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. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of the business’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 completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on 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 transaction, 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. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.10% of the company’s stock.

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.