LJI Wealth Management LLC Reduces Stake in The Walt Disney Company

LJI Wealth Management LLC has decreased its stake in The Walt Disney Company (NYSE:DIS) by 48.5% during the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission. After the reduction, the firm now holds 5,109 shares of the entertainment conglomerate's stock, having sold 4,817 shares during this period. By the close of the last quarter, LJI Wealth Management's holdings in Walt Disney were valued at approximately $569,000.

Other Institutional Investors' Actions

Several additional hedge funds and institutional investors have also recently made adjustments to their positions in Walt Disney. For instance, Farmers Trust Co. increased its stake by 1.1%, bringing its total to 8,483 shares worth around $945,000 after acquiring 92 more shares. Saxon Interests Inc. raised its stake by 2.8%, now owning 3,412 shares valued at about $380,000 after buying 93 additional shares. Similarly, Abundance Wealth Counselors increased its stake by 1.0% to 9,662 shares, worth $1,076,000 after purchasing 94 shares. Bank Hapoalim BM and Great Diamond Partners LLC also raised their stakes by 2.2% and 1.6%, respectively, reflecting increasing interest among institutional investors in Walt Disney, which is now 65.71% owned by them.

Analyst Ratings

Recent analyst ratings have been varied for Walt Disney. Jefferies Financial Group recently initiated coverage on the company with a "hold" rating and a target price of $120.00. In contrast, Redburn Atlantic upgraded its rating from "neutral" to "buy," raising its price target from $100.00 to $147.00. Deutsche Bank and Bank of America also increased their respective target prices, both issuing "buy" ratings for the stock. According to MarketBeat, there are currently six research analysts with a hold rating, nineteen with a buy rating, and two that consider it a strong buy, leading to a consensus rating of "Moderate Buy" with an average price target of $125.85.

Walt Disney's Stock Performance

The shares of Walt Disney opened at $110.83 on the recent trading day. The company has displayed a market capitalization of $200.36 billion, along with a PE ratio of 36.10 and a P/E/G ratio of 1.95. The stock has a quick ratio of 0.67 and a current ratio of 0.68, with a debt-to-equity ratio of 0.36. Over the past 52 weeks, the stock has fluctuated between a low of $83.91 and a high of $123.74, with recent moving averages of $111.87 for 50 days and $101.14 for 200 days.

Dividends and Insider Transactions

Recently, Walt Disney announced an increase in its semi-annual dividend, which was paid out on January 16th. Shareholders of record on December 16th received a dividend of $0.50, a rise from the previous $0.45, equating to a yield of 0.6%. The company's current dividend payout ratio stands at 32.57%. In insider news, CEO Robert A. Iger sold a significant number of shares in a transaction that totaled around $42.67 million, reducing his ownership substantially. Following this, other senior executives also sold some shares, indicating activity among insiders.

About Walt Disney Company

The Walt Disney Company is a leading entertainment enterprise operating globally, comprising different segments: Entertainment, Sports, and Experiences. The company is involved in producing and distributing a wide range of content across television networks and streaming services.

Disney, Investment, Stocks