Wealth Enhancement Advisory Services LLC Has $168.67 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Wealth Enhancement Advisory Services LLC boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,514,810 shares of the entertainment giant's stock after buying an additional 425,012 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.08% of Walt Disney worth $168,674,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its position in shares of Walt Disney by 132.1% during the second quarter. Acadian Asset Management LLC now owns 50,978 shares of the entertainment giant's stock valued at $5,060,000 after purchasing an additional 29,010 shares during the period. Quest Partners LLC increased its position in shares of Walt Disney by 36,460.0% during the second quarter. Quest Partners LLC now owns 3,656 shares of the entertainment giant's stock valued at $363,000 after purchasing an additional 3,646 shares during the period. Andra AP fonden bought a new stake in shares of Walt Disney during the second quarter valued at approximately $2,730,000. Qsemble Capital Management LP bought a new stake in shares of Walt Disney during the second quarter valued at approximately $5,169,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Walt Disney during the second quarter valued at approximately $15,367,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 1.0 %

NYSE:DIS traded down $1.08 during mid-day trading on Friday, hitting $108.68. The company had a trading volume of 8,824,379 shares, compared to its average volume of 6,968,688. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The business's fifty day moving average is $111.11 and its two-hundred day moving average is $99.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market cap of $196.81 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.05 and a beta of 1.43.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share 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 for the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company's quarterly revenue was up 6.3% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's dividend payout ratio (DPR) is currently 36.90%.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last 90 days. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. TD Cowen increased their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research note on Friday, November 15th. Rosenblatt Securities increased their price objective on Walt Disney from $122.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Macquarie reiterated a "neutral" rating and set a $110.00 price objective on shares of Walt Disney in a research note on Monday. Finally, Piper Sandler assumed coverage on Walt Disney in a research note on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.54.

Walt Disney Company 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.