Redwood Wealth Management Group LLC Sells 99 Shares of The Walt Disney Company (NYSE:DIS)

Redwood Wealth Management Group LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,953 shares of the entertainment giant’s stock after selling 99 shares during the period. Redwood Wealth Management Group LLC’s holdings in Walt Disney were worth $329,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $35,000. Cedar Mountain Advisors LLC raised its stake in shares of Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 110 shares during the last quarter. Friedenthal Financial bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $49,000. First PREMIER Bank raised its stake in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $50,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock opened at $113.35 on Wednesday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market capitalization of $205.00 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. 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 firm has a fifty day moving average of $112.30 and a 200-day moving average of $100.77.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is presently 36.90%.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the company’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 represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the company’s 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 directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Sanford C. Bernstein boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. TD Cowen boosted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Finally, Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.