Realta Investment Advisors Sells 757 Shares of The Walt Disney Company (NYSE:DIS)

Realta Investment Advisors reduced its stake in The Walt Disney Company (NYSE:DIS) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,991 shares of the entertainment giant’s stock after selling 757 shares during the period. Realta Investment Advisors’ holdings in Walt Disney were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Wedmont Private Capital increased its stake in Walt Disney by 4.4% in the third quarter. Wedmont Private Capital now owns 16,289 shares of the entertainment giant’s stock valued at $1,505,000 after purchasing an additional 693 shares in the last quarter. Perpetual Ltd grew its holdings in shares of Walt Disney by 95.1% in the 3rd quarter. Perpetual Ltd now owns 27,701 shares of the entertainment giant’s stock valued at $2,665,000 after buying an additional 13,504 shares during the period. WealthBridge Investment Counsel Inc. increased its position in shares of Walt Disney by 0.5% in the 3rd quarter. WealthBridge Investment Counsel Inc. now owns 64,486 shares of the entertainment giant’s stock valued at $6,203,000 after buying an additional 300 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in Walt Disney by 4.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 5,651 shares of the entertainment giant’s stock worth $544,000 after buying an additional 223 shares during the period. Finally, Watts Gwilliam & Co. LLC bought a new position in Walt Disney during the third quarter worth about $1,347,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.1 %

Shares of DIS stock opened at $110.83 on Friday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market cap of $200.43 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 2.02 and a beta of 1.42. The firm’s 50-day moving average is $112.00 and its 200-day moving average is $101.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Sell-side analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday. Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group lifted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler initiated coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Finally, Evercore ISI boosted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Six 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Buying and Selling at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’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 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 approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 sale, the executive vice president now directly owns 44,055 shares of the company’s stock, 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 have sold a total of 385,412 shares of company stock worth $44,153,263 over the last ninety days. Insiders own 0.16% 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.