The Walt Disney Company (NYSE:DIS) Stock Position Lessened by Evermay Wealth Management LLC

Evermay Wealth Management LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,067 shares of the entertainment giant’s stock after selling 110 shares during the quarter. Evermay Wealth Management LLC’s holdings in Walt Disney were worth $231,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. SeaBridge Investment Advisors LLC boosted its stake in Walt Disney by 105.8% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 5,465 shares of the entertainment giant’s stock valued at $609,000 after purchasing an additional 2,810 shares in the last quarter. Dohj LLC grew its holdings in Walt Disney by 4.1% during the fourth quarter. Dohj LLC now owns 10,156 shares of the entertainment giant’s stock worth $1,131,000 after acquiring an additional 397 shares during the period. Chicago Partners Investment Group LLC raised its position in Walt Disney by 13.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 8,299 shares of the entertainment giant’s stock worth $911,000 after acquiring an additional 970 shares in the last quarter. Waldron Private Wealth LLC lifted its holdings in Walt Disney by 2.8% in the 4th quarter. Waldron Private Wealth LLC now owns 9,932 shares of the entertainment giant’s stock valued at $1,106,000 after acquiring an additional 270 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

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

Walt Disney Price Performance

Shares of Walt Disney stock opened at $113.04 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm’s 50-day moving average price is $112.34 and its two-hundred day moving average price is $100.62. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $204.43 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 2.02 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced 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 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. 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 is 36.90%.

Analysts Set New Price Targets

Several brokerages recently commented on DIS. TD Cowen upped their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Evercore ISI lifted their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.52.

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.