Synergy Asset Management LLC Acquires Shares of 730 The Walt Disney Company (NYSE:DIS)

Synergy Asset Management LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 730 shares of the entertainment giant’s stock, valued at approximately $81,000.

Other large investors have also made changes to their positions in the company. Baron Wealth Management LLC boosted its stake in Walt Disney by 8.9% during the fourth quarter. Baron Wealth Management LLC now owns 4,519 shares of the entertainment giant’s stock worth $503,000 after buying an additional 370 shares during the last quarter. Legacy Trust boosted its position in shares of Walt Disney by 8.8% during the 4th quarter. Legacy Trust now owns 35,285 shares of the entertainment giant’s stock valued at $3,929,000 after acquiring an additional 2,858 shares during the last quarter. Highland Capital Management LLC grew its holdings in shares of Walt Disney by 24.2% in the fourth quarter. Highland Capital Management LLC now owns 48,750 shares of the entertainment giant’s stock valued at $5,428,000 after purchasing an additional 9,500 shares during the period. Milestone Asset Management LLC increased its position in Walt Disney by 42.8% during the fourth quarter. Milestone Asset Management LLC now owns 95,784 shares of the entertainment giant’s stock worth $10,666,000 after purchasing an additional 28,707 shares during the last quarter. Finally, Defender Capital LLC. acquired a new position in Walt Disney in the 4th quarter valued at about $223,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DIS shares. Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Price Performance

Walt Disney stock opened at $113.30 on Friday. The stock has a market cap of $205.18 billion, a P/E ratio of 41.81, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company has a fifty day simple moving average of $112.43 and a 200-day simple moving average of $100.44. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business 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 business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. Equities analysts expect 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 given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 36.90%.

Walt Disney 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.