The Walt Disney Company (NYSE:DIS) Shares Bought by Aprio Wealth Management LLC

Aprio Wealth Management LLC raised its position in The Walt Disney Company (NYSE:DIS) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,672 shares of the entertainment giant’s stock after acquiring an additional 279 shares during the period. Aprio Wealth Management LLC’s holdings in Walt Disney were worth $1,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DIS. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the second quarter worth $32,000. Birch Capital Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $56,000. First PREMIER Bank lifted its stake in shares of Walt Disney by 98.1% during the third 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 period. FSA Wealth Management LLC acquired a new stake in shares of Walt Disney during the third quarter worth $51,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walt Disney during the third quarter worth $57,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

DIS opened at $108.68 on Monday. The firm has a market capitalization of $196.81 billion, a PE ratio of 40.10, a PEG ratio of 2.03 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm’s 50-day moving average price is $111.11 and its 200 day moving average price is $99.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last posted its quarterly 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. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. Walt Disney’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, sell-side analysts expect 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 will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be issued a $0.50 dividend. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend is Monday, December 16th. Walt Disney’s payout ratio is presently 36.90%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the business’s 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. TD Cowen lifted their price objective 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. Evercore ISI boosted their target price 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. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.54.

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.