St. Louis Financial Planners Asset Management LLC Sells 2,486 Shares of The Walt Disney Company (NYSE:DIS)

St. Louis Financial Planners Asset Management LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,814 shares of the entertainment giant’s stock after selling 2,486 shares during the period. Walt Disney comprises about 1.5% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. St. Louis Financial Planners Asset Management LLC’s holdings in Walt Disney were worth $2,095,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. HCR Wealth Advisors boosted its holdings in Walt Disney by 7.5% in the fourth quarter. HCR Wealth Advisors now owns 19,694 shares of the entertainment giant’s stock worth $2,193,000 after purchasing an additional 1,368 shares during the last quarter. Brave Asset Management Inc. raised its stake in Walt Disney by 6.2% during the 4th quarter. Brave Asset Management Inc. now owns 3,591 shares of the entertainment giant’s stock valued at $400,000 after buying an additional 211 shares during the last quarter. Godsey & Gibb Inc. lifted its holdings in shares of Walt Disney by 1.4% during the 4th quarter. Godsey & Gibb Inc. now owns 177,664 shares of the entertainment giant’s stock valued at $19,783,000 after buying an additional 2,387 shares during the period. Rockingstone Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter worth $390,000. Finally, ARS Wealth Advisors Group LLC grew its holdings in shares of Walt Disney by 10.4% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 7,975 shares of the entertainment giant’s stock worth $888,000 after acquiring an additional 750 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $108.12 on Thursday. The business’s 50 day simple moving average is $111.58 and its 200-day simple moving average is $99.51. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $195.80 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal 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 of this dividend is Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Insiders Place Their Bets

In other Walt Disney 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 completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 owns 44,055 shares in the company, valued at approximately $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 valued at $44,153,263 over the last three months. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several research reports. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Macquarie reaffirmed a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. TD Cowen lifted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein upped their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

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.