Proactive Wealth Strategies LLC Sells 913 Shares of The Walt Disney Company (NYSE:DIS)

Proactive Wealth Strategies LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 4.8% during the fourth quarter, Holdings Channel reports. The fund owned 18,087 shares of the entertainment giant’s stock after selling 913 shares during the quarter. Proactive Wealth Strategies LLC’s holdings in Walt Disney were worth $2,014,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Farmers Trust Co. grew its position in Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after buying an additional 92 shares in the last quarter. Pathway Financial Advisors LLC grew its position in Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock worth $386,000 after acquiring an additional 92 shares during the last quarter. Saxon Interests Inc. boosted its position in Walt Disney by 2.8% during the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 93 shares during the period. Abundance Wealth Counselors grew its stake in shares of Walt Disney by 1.0% in the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock worth $1,076,000 after purchasing an additional 94 shares during the last quarter. Finally, Bank Hapoalim BM increased its position in Walt Disney by 2.2% during the 4th quarter. Bank Hapoalim BM now owns 4,539 shares of the entertainment giant’s stock valued at $505,000 after purchasing an additional 96 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were 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. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 worth $44,153,263 in the last quarter. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Evercore ISI lifted their target price 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. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Macquarie reissued a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Price Performance

Shares of NYSE DIS opened at $110.31 on Tuesday. The company has a market cap of $199.42 billion, a PE ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The stock has a fifty day moving average price of $111.14 and a 200 day moving average price of $101.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 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 issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Sell-side analysts forecast that The Walt Disney Company will post 5.43 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 $0.50 dividend. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

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.