The Walt Disney Company (NYSE:DIS) Stock Holdings Reduced by Highline Wealth Partners LLC

Highline Wealth Partners LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,760 shares of the entertainment giant’s stock after selling 114 shares during the period. Highline Wealth Partners LLC’s holdings in Walt Disney were worth $1,087,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ST Germain D J Co. Inc. boosted its position in Walt Disney by 0.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 38,796 shares of the entertainment giant’s stock worth $4,320,000 after purchasing an additional 302 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Walt Disney by 39.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,514,810 shares of the entertainment giant’s stock worth $168,674,000 after buying an additional 425,012 shares during the period. ORG Partners LLC grew its stake in Walt Disney by 29.7% in the 4th quarter. ORG Partners LLC now owns 2,405 shares of the entertainment giant’s stock valued at $268,000 after buying an additional 551 shares during the last quarter. Baker Tilly Wealth Management LLC raised its holdings in Walt Disney by 7.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,804 shares of the entertainment giant’s stock worth $1,648,000 after acquiring an additional 1,046 shares during the period. Finally, Fortitude Family Office LLC lifted its position in Walt Disney by 4.9% during the 4th quarter. Fortitude Family Office LLC now owns 2,568 shares of the entertainment giant’s stock worth $286,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $0.37 on Friday, hitting $109.39. The stock had a trading volume of 4,299,242 shares, compared to its average volume of 6,171,376. The stock has a market cap of $198.10 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43. The business’s 50 day moving average is $110.85 and its two-hundred day moving average is $99.40. 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 Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a $0.50 dividend. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Evercore ISI boosted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Piper Sandler began coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Insider Activity at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last quarter. 0.10% of the stock is owned by corporate insiders.

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.