Jacksonville Wealth Management LLC Buys New Shares in The Walt Disney Company (NYSE:DIS)

Jacksonville Wealth Management LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,837 shares of the entertainment giant’s stock, valued at approximately $650,000.

Several other large investors also recently bought and sold shares of DIS. Deerfield Management Company L.P. Series C purchased a new stake in shares of Walt Disney during the 2nd quarter worth $336,000. Susquehanna Fundamental Investments LLC lifted its holdings in Walt Disney by 30.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 147,183 shares of the entertainment giant’s stock worth $14,614,000 after buying an additional 34,600 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its position in shares of Walt Disney by 9.7% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 6,411 shares of the entertainment giant’s stock worth $637,000 after acquiring an additional 565 shares in the last quarter. Ascent Group LLC increased its holdings in shares of Walt Disney by 16.3% in the 2nd quarter. Ascent Group LLC now owns 29,848 shares of the entertainment giant’s stock valued at $2,964,000 after acquiring an additional 4,176 shares during the last quarter. Finally, Annandale Capital LLC raised its position in shares of Walt Disney by 86.9% during the 2nd quarter. Annandale Capital LLC now owns 68,148 shares of the entertainment giant’s stock worth $6,766,000 after acquiring an additional 31,679 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $112.25 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $112.46 and its two-hundred day moving average is $100.07. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market capitalization of $203.28 billion, a PE ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43.

Walt Disney (NYSE:DIS) last posted its quarterly 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. The firm had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. Research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. TD Cowen increased their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Evercore ISI boosted their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Macquarie reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Finally, Bank of America boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five equities 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 company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $125.52.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value 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 $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. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last 90 days. 0.10% of the stock is currently 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.