Sivia Capital Partners LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Sivia Capital Partners LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,075 shares of the entertainment giant’s stock after acquiring an additional 334 shares during the period. Sivia Capital Partners LLC’s holdings in Walt Disney were worth $454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Elmwood Wealth Management Inc. raised its position in shares of Walt Disney by 2.3% in the fourth quarter. Elmwood Wealth Management Inc. now owns 13,460 shares of the entertainment giant’s stock worth $1,499,000 after buying an additional 308 shares in the last quarter. Forza Wealth Management LLC raised its holdings in shares of Walt Disney by 6.6% in the 4th quarter. Forza Wealth Management LLC now owns 7,173 shares of the entertainment giant’s stock valued at $799,000 after acquiring an additional 443 shares in the last quarter. Cooper Financial Group boosted its position in shares of Walt Disney by 196.2% during the 4th quarter. Cooper Financial Group now owns 20,380 shares of the entertainment giant’s stock valued at $2,269,000 after acquiring an additional 13,499 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Walt Disney by 9.2% during the fourth quarter. Wedmont Private Capital now owns 17,795 shares of the entertainment giant’s stock worth $1,933,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of Walt Disney by 6.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 13,801 shares of the entertainment giant’s stock worth $1,542,000 after purchasing an additional 778 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were 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 $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Loop Capital raised their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC upped their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Finally, 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. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.54.

Walt Disney Trading Down 0.7 %

DIS stock traded down $0.78 during trading on Monday, reaching $107.87. The company had a trading volume of 3,806,250 shares, compared to its average volume of 6,500,518. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The business has a 50 day moving average of $111.11 and a 200 day moving average of $99.43. The company has a market cap of $195.35 billion, a P/E ratio of 39.80, a PEG ratio of 2.03 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS 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 analysts’ expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. As a group, sell-side analysts forecast 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 disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is presently 36.90%.

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.