Confluence Wealth Services Inc. Has $1.36 Million Position in The Walt Disney Company (NYSE:DIS)

Confluence Wealth Services Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,250 shares of the entertainment giant’s stock after selling 552 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Walt Disney were worth $1,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Czech National Bank boosted its holdings in Walt Disney by 6.3% in the third quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock worth $35,532,000 after acquiring an additional 21,998 shares in the last quarter. Miracle Mile Advisors LLC raised its position in shares of Walt Disney by 10.5% during the third quarter. Miracle Mile Advisors LLC now owns 37,963 shares of the entertainment giant’s stock worth $3,652,000 after purchasing an additional 3,620 shares during the period. Stonebridge Capital Management Inc. lifted its holdings in shares of Walt Disney by 1.9% in the 3rd quarter. Stonebridge Capital Management Inc. now owns 29,298 shares of the entertainment giant’s stock worth $2,819,000 after purchasing an additional 550 shares in the last quarter. Bangor Savings Bank lifted its holdings in shares of Walt Disney by 2.3% in the 3rd quarter. Bangor Savings Bank now owns 16,213 shares of the entertainment giant’s stock worth $1,560,000 after purchasing an additional 358 shares in the last quarter. Finally, Chapin Davis Inc. grew its position in Walt Disney by 1.9% in the 3rd quarter. Chapin Davis Inc. now owns 20,601 shares of the entertainment giant’s stock valued at $1,982,000 after purchasing an additional 380 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents 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 have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. TD Cowen raised their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Needham & Company LLC upped their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Loop Capital lifted their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Finally, Evercore ISI lifted their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.65.

Walt Disney Price Performance

NYSE DIS opened at $113.35 on Wednesday. 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 company has a market cap of $205.00 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm’s 50-day simple moving average is $112.26 and its two-hundred day simple moving average is $100.89.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Research analysts predict 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 given a dividend of $0.50 per share. The ex-dividend date 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 currently 36.90%.

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.