LJI Wealth Management LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

LJI Wealth Management LLC has recently reduced its investment in shares of The Walt Disney Company (NYSE:DIS) by an impressive 48.5% during the fourth quarter. This decrease was reported in the firm's latest 13F filing with the Securities & Exchange Commission. Following their sale, LJI Wealth Management LLC now holds 5,109 shares of Disney after selling off 4,817 shares in the specified period. At the end of this quarter, these shares held by LJI Wealth Management were valued at approximately $569,000.

Investment Activity by Other Firms

Other institutional investors and hedge funds have also been active with their stakes in The Walt Disney Company. For example, Farmers Trust Co. increased its holdings by 1.1% during the fourth quarter, now benefiting from a total of 8,483 shares valued at $945,000 after acquiring an additional 92 shares. Similarly, Saxon Interests Inc. increased its position by 2.8%, now owning 3,412 shares worth $380,000 after purchasing 93 additional shares. Abundance Wealth Counselors raised their stake by 1.0%, adding 94 shares to reach 9,662 shares valued at $1,076,000. Bank Hapoalim BM also saw a 2.2% increase in their stake with 4,539 shares worth $505,000 after acquiring 96 shares. Finally, Great Diamond Partners LLC raised their shares by 1.6%, bringing their total to 6,105 shares with a value of $680,000 after purchasing an additional 98 shares.

Analyst Ratings Updates

Several equity research analysts recently provided insights on The Walt Disney Company. Jefferies Financial Group started to cover Walt Disney on December 4th, issuing a "hold" rating and maintaining a price target of $120.00. On January 7th, Redburn Atlantic upgraded their rating from "neutral" to "buy" and increased their price target from $100.00 to $147.00. Deutsche Bank also raised their target price from $115.00 to $131.00, giving a "buy" rating. Moreover, on the same day, Bank of America increased its target from $120.00 to $140.00, indicating a strong buy sentiment towards the company. However, Prescient Securities lowered its target from $130.00 to $115.00, holding a "neutral" stance. In summary, six analysts maintain a hold rating, nineteen recommend buying, and two have a strong buy rating, yielding a consensus of "Moderate Buy" with an average target price of $125.85.

Walt Disney Stock Performance

The Walt Disney Company's shares opened at $110.83 recently. The company's quick ratio is at 0.67, while the current ratio stands at 0.68, and it has a debt-to-equity ratio of 0.36. With a market capitalization of $200.36 billion, Disney has a P/E ratio of 36.10 and a P/E/G ratio of 1.95, alongside a beta of 1.42. The stock averages a 50-day moving average of $111.87 and a 200-day moving average of $101.14, with a 52-week range from a low of $83.91 to a high of $123.74.

Most Recent Earnings and Dividend Updates

The Walt Disney Company recently released its quarterly earnings on February 5th, reporting earnings per share (EPS) of $1.76, exceeding the anticipated $1.44. The company showed a return on equity of 9.95% and a net margin of 6.07%. Analysts predict that Disney will report an EPS of 5.43 for the current year. Furthermore, the company declared a semi-annual dividend of $0.50, which was issued on January 16th. This represents a yield of 0.6%, an increase from the previous semi-annual dividend of $0.45, with a dividend payout ratio currently at 32.57%.

Insider Transactions Within the Company

Recent insider trading activity reveals that CEO Robert A. Iger sold 372,412 shares on November 22nd at an average price of $114.57, totaling $42,667,242.84. After this transaction, he retained 226,767 shares valued at approximately $25,980,695.19, marking a 62.15% decrease in his ownership. Additionally, EVP Brent Woodford sold 8,000 shares on December 11th at an average price of $114.74, bringing in $917,920.00. Following this sale, Woodford holds 44,055 shares worth about $5,054,870.70, reflecting a 15.37% decrease in ownership. Over the last three months, insiders have sold a total of 385,412 shares valued at $44,153,263, and they currently own just 0.16% of the company's stock.

Overview of The Walt Disney Company

The Walt Disney Company is a multinational entertainment giant operating various segments, including entertainment, sports, and experiences. The company produces and distributes films and television content under renowned brands, including Disney, ABC, Freeform, FX, and Marvel, among others. Disney continues to be a significant player in the global entertainment industry.

Disney, Stocks, Investment