Proactive Wealth Strategies LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Proactive Wealth Strategies LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,087 shares of the entertainment giant’s stock after selling 913 shares during the quarter. Proactive Wealth Strategies LLC’s holdings in Walt Disney were worth $2,014,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Cyndeo Wealth Partners LLC increased its holdings in shares of Walt Disney by 1.4% in the third quarter. Cyndeo Wealth Partners LLC now owns 8,348 shares of the entertainment giant’s stock valued at $803,000 after purchasing an additional 116 shares during the period. OLD National Bancorp IN boosted its stake in shares of Walt Disney by 13.7% during the 3rd quarter. OLD National Bancorp IN now owns 14,612 shares of the entertainment giant’s stock worth $1,406,000 after acquiring an additional 1,758 shares in the last quarter. Vest Financial LLC boosted its position in Walt Disney by 200.6% during the third quarter. Vest Financial LLC now owns 6,554 shares of the entertainment giant’s stock worth $630,000 after purchasing an additional 4,374 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Walt Disney by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock worth $10,377,000 after buying an additional 4,878 shares during the last quarter. Finally, Godsey & Gibb Inc. boosted its position in shares of Walt Disney by 5.9% in the 3rd quarter. Godsey & Gibb Inc. now owns 175,277 shares of the entertainment giant’s stock worth $16,860,000 after buying an additional 9,798 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $110.31 on Tuesday. The stock’s fifty day simple moving average is $111.14 and its 200 day simple moving average is $101.90. The stock has a market capitalization of $199.42 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Analysts Set New Price Targets

DIS has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six 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 MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insiders Place Their Bets

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the business’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 sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is currently owned by company 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.