Geller Advisors LLC Has $583,000 Stake in The Walt Disney Company (NYSE:DIS)

Geller Advisors LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 20.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,057 shares of the entertainment giant’s stock after buying an additional 1,036 shares during the period. Geller Advisors LLC’s holdings in Walt Disney were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. RFG Advisory LLC increased its holdings in Walt Disney by 20.0% in the 2nd quarter. RFG Advisory LLC now owns 15,655 shares of the entertainment giant’s stock valued at $1,554,000 after buying an additional 2,614 shares during the period. LVW Advisors LLC increased its stake in Walt Disney by 22.7% in the second quarter. LVW Advisors LLC now owns 5,439 shares of the entertainment giant’s stock valued at $540,000 after acquiring an additional 1,005 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Walt Disney by 6.1% during the second quarter. Sequoia Financial Advisors LLC now owns 55,901 shares of the entertainment giant’s stock valued at $5,550,000 after purchasing an additional 3,208 shares in the last quarter. Agate Pass Investment Management LLC lifted its stake in Walt Disney by 7.4% during the second quarter. Agate Pass Investment Management LLC now owns 13,058 shares of the entertainment giant’s stock worth $1,297,000 after purchasing an additional 905 shares during the last quarter. Finally, EWG Elevate Inc. lifted its position in shares of Walt Disney by 4.1% during the 2nd quarter. EWG Elevate Inc. now owns 3,345 shares of the entertainment giant’s stock worth $332,000 after buying an additional 132 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Evercore ISI boosted their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Needham & Company LLC upped their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.67.

Walt Disney Price Performance

Shares of NYSE DIS opened at $116.73 on Monday. The firm has a market capitalization of $211.39 billion, a P/E ratio of 43.07, a P/E/G ratio of 2.09 and a beta of 1.42. The firm’s 50-day moving average price is $102.70 and its 200-day moving average price is $97.65. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. 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 announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping 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 business 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 company earned $0.82 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 33.21%.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.