Evolution Wealth Advisors LLC Purchases 1,000 Shares of The Walt Disney Company (NYSE:DIS)

Evolution Wealth Advisors LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 31.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,221 shares of the entertainment giant’s stock after acquiring an additional 1,000 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Walt Disney were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DIS. Cetera Trust Company N.A lifted its holdings in shares of Walt Disney by 4.8% during the fourth quarter. Cetera Trust Company N.A now owns 14,842 shares of the entertainment giant’s stock worth $1,653,000 after purchasing an additional 675 shares during the period. Magnus Financial Group LLC lifted its holdings in shares of Walt Disney by 3.7% during the fourth quarter. Magnus Financial Group LLC now owns 20,796 shares of the entertainment giant’s stock worth $2,316,000 after purchasing an additional 745 shares during the period. Investment Advisory Group LLC lifted its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Investment Advisory Group LLC now owns 2,413 shares of the entertainment giant’s stock worth $269,000 after purchasing an additional 173 shares during the period. Albion Financial Group UT lifted its holdings in shares of Walt Disney by 3.0% during the fourth quarter. Albion Financial Group UT now owns 100,307 shares of the entertainment giant’s stock worth $11,169,000 after purchasing an additional 2,952 shares during the period. Finally, West Branch Capital LLC lifted its holdings in shares of Walt Disney by 16,550.0% during the fourth quarter. West Branch Capital LLC now owns 666 shares of the entertainment giant’s stock worth $74,000 after purchasing an additional 662 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 0.1 %

DIS opened at $108.86 on Thursday. 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 stock has a market cap of $197.14 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.91 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company’s 50-day moving average price is $112.35 and its two-hundred day moving average price is $99.83.

Walt Disney (NYSE:DIS) last released its 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 analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $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 year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. 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 yield of 0.6%. Walt Disney’s dividend payout ratio is currently 36.90%.

Insiders Place Their Bets

In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The shares were 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 owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Evercore ISI boosted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Sanford C. Bernstein boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.52.

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.