Diversify Wealth Management LLC Has $4.17 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Diversify Wealth Management LLC raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 60.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,367 shares of the entertainment giant's stock after purchasing an additional 14,461 shares during the quarter. Diversify Wealth Management LLC's holdings in Walt Disney were worth $4,169,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DIS. Farmers Trust Co. increased its position in Walt Disney by 1.1% in the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock worth $945,000 after buying an additional 92 shares during the period. Saxon Interests Inc. grew its stake in shares of Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after acquiring an additional 93 shares during the last quarter. Smithfield Trust Co increased its position in Walt Disney by 0.5% during the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant's stock worth $1,809,000 after acquiring an additional 102 shares during the period. Drucker Wealth 3.0 LLC raised its stake in Walt Disney by 0.9% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant's stock valued at $1,121,000 after purchasing an additional 106 shares during the last quarter. Finally, Connable Office Inc. boosted its holdings in Walt Disney by 0.3% in the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant's stock valued at $3,371,000 after purchasing an additional 108 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 226,767 shares of the company's stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Guggenheim boosted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research note 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 company a "buy" rating in a research note on Friday, November 15th. 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 research report on Monday, November 18th. Finally, Loop Capital lifted their price target on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, November 15th. Five research 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.com, the company has an average rating of "Moderate Buy" and an average price target of $125.54.

Walt Disney Trading Up 0.6 %

Shares of NYSE DIS traded up $0.61 during midday trading on Monday, reaching $107.07. 7,103,097 shares of the stock were exchanged, compared to its average volume of 6,534,095. 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 12 month low of $83.91 and a 12 month high of $123.74. The business has a 50-day simple moving average of $112.08 and a two-hundred day simple moving average of $99.70. The company has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 9.21% and a net margin of 5.44%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is 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.