Traphagen Investment Advisors LLC Has $742,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Traphagen Investment Advisors LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,665 shares of the entertainment giant’s stock after selling 332 shares during the period. Traphagen Investment Advisors LLC’s holdings in Walt Disney were worth $742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farallon Capital Management LLC bought a new position in shares of Walt Disney during the second quarter valued at $355,673,000. International Assets Investment Management LLC increased its position in shares of Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after purchasing an additional 3,399,359 shares in the last quarter. FMR LLC raised its stake in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after acquiring an additional 2,298,921 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock worth $398,508,000 after acquiring an additional 2,188,610 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on DIS shares. Jefferies Financial Group began coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. TD Cowen boosted their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Finally, Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $125.54.

Walt Disney Price Performance

NYSE DIS opened at $108.72 on Wednesday. The stock has a market cap of $196.89 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 1.91 and a beta of 1.43. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The business has a 50 day simple moving average of $112.20 and a 200 day simple moving average of $99.76.

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, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same period in the prior year, the business earned $0.82 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm 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 is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. Insiders own 0.10% of the company’s stock.

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.