Accel Wealth Management Has $438,000 Stake in The Walt Disney Company (NYSE:DIS)

Accel Wealth Management lessened its position in The Walt Disney Company (NYSE:DIS) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,930 shares of the entertainment giant’s stock after selling 250 shares during the period. Accel Wealth Management’s holdings in Walt Disney were worth $438,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DIS. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the 2nd quarter worth approximately $32,000. Friedenthal Financial acquired a new position in shares of Walt Disney during the fourth quarter worth $49,000. First PREMIER Bank grew its stake in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Walt Disney in the fourth quarter valued at $50,000. Finally, FSA Wealth Management LLC bought a new position in Walt Disney during the 3rd quarter worth $51,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Loop Capital increased 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Bank of America increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities boosted their price objective on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Walt Disney Stock Up 1.1 %

DIS opened at $112.25 on Friday. 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 firm has a market capitalization of $203.28 billion, a P/E ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company’s 50-day moving average is $112.46 and its 200 day moving average is $100.07.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same period last year, the firm posted $0.82 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. 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 disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid 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 was Monday, December 16th. Walt Disney’s payout ratio is currently 36.90%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

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.