Next Level Private LLC Invests $209,000 in The Walt Disney Company (NYSE:DIS)

Next Level Private LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,876 shares of the entertainment giant’s stock, valued at approximately $209,000.

Several other large investors have also bought and sold shares of DIS. YHB Investment Advisors Inc. boosted its position in Walt Disney by 1.2% in the fourth quarter. YHB Investment Advisors Inc. now owns 30,626 shares of the entertainment giant’s stock worth $3,410,000 after purchasing an additional 370 shares during the last quarter. IRON Financial LLC bought a new stake in shares of Walt Disney during the 4th quarter worth $203,000. Greenup Street Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $1,652,000. BankPlus Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at about $545,000. Finally, Northwest Financial Advisors increased its holdings in Walt Disney by 5.7% during the fourth quarter. Northwest Financial Advisors now owns 2,663 shares of the entertainment giant’s stock worth $297,000 after buying an additional 144 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. Evercore ISI increased 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. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Macquarie reiterated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Piper Sandler assumed coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Stock Performance

Walt Disney stock opened at $113.18 on Tuesday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm’s fifty day moving average price is $112.46 and its 200-day moving average price is $100.11. The stock has a market cap of $204.97 billion, a P/E ratio of 41.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. 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 issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm 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 company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, equities research analysts expect 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. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated 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 owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by insiders.

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.