Greenup Street Wealth Management LLC Makes New $1.65 Million Investment in The Walt Disney Company (NYSE:DIS)

Greenup Street Wealth Management LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 14,832 shares of the entertainment giant’s stock, valued at approximately $1,652,000.

Several other institutional investors have also added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the second quarter worth approximately $32,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial bought a new position in shares of Walt Disney during the 4th quarter valued at $49,000. First PREMIER Bank boosted its stake in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $50,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE DIS opened at $113.18 on Tuesday. The stock has a market capitalization of $204.97 billion, a PE ratio of 41.76, a P/E/G ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The business has a 50 day simple moving average of $112.46 and a two-hundred day simple moving average of $100.11. 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 announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. On average, research analysts predict that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Guggenheim raised their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Evercore ISI upped 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. Bank of America lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

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 stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last 90 days. Insiders own 0.10% of the company’s stock.

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.