Graves Light Lenhart Wealth Inc. Has $3.93 Million Position in The Walt Disney Company (NYSE:DIS)

Graves Light Lenhart Wealth Inc. cut its position in shares of The Walt Disney Company (NYSE:DIS) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 35,257 shares of the entertainment giant’s stock after selling 2,000 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in Walt Disney were worth $3,926,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Rosenberg Matthew Hamilton increased its holdings in shares of Walt Disney by 24.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,265 shares of the entertainment giant’s stock valued at $141,000 after acquiring an additional 247 shares during the last quarter. Global Financial Private Client LLC boosted its holdings in Walt Disney by 7.0% in the 4th quarter. Global Financial Private Client LLC now owns 18,603 shares of the entertainment giant’s stock valued at $2,071,000 after purchasing an additional 1,219 shares during the period. Horizon Bancorp Inc. IN lifted its position in shares of Walt Disney by 7.3% in the 4th quarter. Horizon Bancorp Inc. IN now owns 1,997 shares of the entertainment giant’s stock worth $222,000 after acquiring an additional 136 shares during the period. Wright Investors Service Inc. lifted its holdings in shares of Walt Disney by 72.5% during the 4th quarter. Wright Investors Service Inc. now owns 8,665 shares of the entertainment giant’s stock worth $965,000 after acquiring an additional 3,643 shares during the period. Finally, Grandview Asset Management LLC acquired a new stake in Walt Disney during the fourth quarter valued at approximately $433,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value 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 approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last 90 days. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $108.08 on Tuesday. The stock’s fifty day moving average price is $111.36 and its two-hundred day moving average price is $99.47. The firm has a market cap of $195.73 billion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 2.03 and a beta of 1.43. The Walt Disney Company has a one year low of $83.91 and a one 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.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be issued a $0.50 dividend. This represents a dividend yield of 0.6%. 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. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Analyst Ratings Changes

Several research firms have recently weighed in on DIS. Bank of America raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Evercore ISI upped their price target 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.54.

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.