Kentucky Trust Co bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,716 shares of the entertainment giant's stock, valued at approximately $971,000.
Several other institutional investors also recently modified their holdings of DIS. Farmers Trust Co. increased its holdings in shares of Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock valued at $945,000 after acquiring an additional 92 shares in the last quarter. Saxon Interests Inc. increased its holdings in shares of Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock valued at $380,000 after acquiring an additional 93 shares in the last quarter. Abundance Wealth Counselors increased its holdings in shares of Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant's stock valued at $1,076,000 after acquiring an additional 94 shares in the last quarter. Bank Hapoalim BM increased its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Bank Hapoalim BM now owns 4,539 shares of the entertainment giant's stock valued at $505,000 after acquiring an additional 96 shares in the last quarter. Finally, Great Diamond Partners LLC increased its holdings in shares of Walt Disney by 1.6% during the fourth quarter. Great Diamond Partners LLC now owns 6,105 shares of the entertainment giant's stock valued at $680,000 after acquiring an additional 98 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
DIS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a report on Friday, November 15th. Morgan Stanley upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price target on Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Needham & Company LLC reiterated a "buy" rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Guggenheim upped their price target on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.85.
Get Our Latest Stock Report on DIS
Walt Disney Stock Performance
Shares of NYSE DIS traded up $0.72 during trading on Friday, reaching $110.31. 5,961,562 shares of the stock traded hands, compared to its average volume of 8,609,331. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. 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 company has a 50-day moving average of $111.14 and a 200-day moving average of $101.78. The stock has a market capitalization of $199.42 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. Analysts forecast that The Walt Disney Company will post 5.43 EPS for the current fiscal year.
Walt Disney Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's dividend payout ratio is currently 32.57%.
Insider Activity at Walt Disney
In related news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by company insiders.
Walt Disney Company Profile
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Free Report)
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.
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