Cedar Mountain Advisors LLC Has $44,000 Stake in The Walt Disney Company (NYSE:DIS)

Cedar Mountain Advisors LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 38.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 399 shares of the entertainment giant’s stock after purchasing an additional 110 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in Walt Disney were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the second quarter worth $32,000. Friedenthal Financial purchased a new position in Walt Disney during the 4th quarter worth $49,000. First PREMIER Bank grew its stake in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $50,000. Finally, FSA Wealth Management LLC bought a new position in shares of Walt Disney during the third quarter valued at about $51,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $112.25 on Friday. The company’s 50 day simple moving average is $112.46 and its two-hundred day simple moving average is $100.07. The stock has a market capitalization of $203.28 billion, a PE ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43. 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 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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. The company 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 firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a $0.50 dividend. This represents a dividend yield of 0.6%. This is a boost 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 dividend payout ratio is 36.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group began coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Rosenblatt Securities boosted their price objective on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Guggenheim raised their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.52.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’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 value of $42,667,242.84. Following the completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 over the last three months. 0.10% of the stock is owned by corporate insiders.

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.