Ellsworth Advisors LLC Sells 4,788 Shares of The Walt Disney Company (NYSE:DIS)

Ellsworth Advisors LLC cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,940 shares of the entertainment giant's stock after selling 4,788 shares during the period. Ellsworth Advisors LLC's holdings in Walt Disney were worth $1,998,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Farallon Capital Management LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at $355,673,000. International Assets Investment Management LLC raised its position in Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant's stock worth $329,585,000 after purchasing an additional 3,399,359 shares in the last quarter. FMR LLC lifted its stake in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. Van ECK Associates Corp lifted its stake in Walt Disney by 114.4% during the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant's stock worth $414,582,000 after purchasing an additional 2,298,921 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Walt Disney by 112.0% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock valued at $398,508,000 after purchasing an additional 2,188,610 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Sanford C. Bernstein boosted their price target on Walt Disney from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, November 15th. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Seaport Res Ptn upgraded shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 30th. Guggenheim boosted their price target on shares of 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 set 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.54.

Walt Disney Trading Up 0.6 %

NYSE DIS traded up $0.61 during trading on Monday, reaching $107.07. 7,103,097 shares of the stock traded hands, compared to its average volume of 6,534,095. The stock's 50-day moving average price is $112.08 and its 200 day moving average price is $99.70. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market cap of $193.90 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 1.94 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.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly 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. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm's revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. Analysts predict that The Walt Disney Company will post 5.41 EPS for the current 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 given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney's payout ratio is currently 36.90%.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company's stock in a transaction that occurred 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 owns 44,055 shares of the company's stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now 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. In the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.10% of the company's stock.

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.