Rheos Capital Works Inc. Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Rheos Capital Works Inc. reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,400 shares of the entertainment giant's stock after selling 26,500 shares during the quarter. Rheos Capital Works Inc.'s holdings in Walt Disney were worth $16,636,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Czech National Bank lifted its stake in shares of Walt Disney by 6.3% during the 3rd quarter. Czech National Bank now owns 369,397 shares of the entertainment giant's stock worth $35,532,000 after buying an additional 21,998 shares during the last quarter. GAMMA Investing LLC boosted its position in Walt Disney by 14.2% in the third quarter. GAMMA Investing LLC now owns 19,675 shares of the entertainment giant's stock valued at $1,893,000 after buying an additional 2,443 shares in the last quarter. Herbst Group LLC increased its stake in shares of Walt Disney by 0.6% in the third quarter. Herbst Group LLC now owns 23,048 shares of the entertainment giant's stock valued at $2,217,000 after buying an additional 140 shares during the period. Eagle Rock Investment Company LLC grew its stake in shares of Walt Disney by 1.6% in the third quarter. Eagle Rock Investment Company LLC now owns 65,087 shares of the entertainment giant's stock worth $6,261,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in shares of Walt Disney by 10.5% in the third quarter. Miracle Mile Advisors LLC now owns 37,963 shares of the entertainment giant's stock worth $3,652,000 after acquiring an additional 3,620 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DIS shares. Morgan Stanley upped their price target on Walt Disney from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Piper Sandler initiated coverage on Walt Disney in a report on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Sanford C. Bernstein lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. Finally, Guggenheim raised their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Six equities research 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.65.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 44,055 shares of the company's stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last ninety days. 0.16% of the stock is currently owned by company insiders.

Walt Disney Price Performance

DIS stock traded down $2.89 during mid-day trading on Wednesday, hitting $110.41. 23,277,175 shares of the stock were exchanged, compared to its average volume of 8,379,186. The stock has a market capitalization of $199.67 billion, a price-to-earnings ratio of 40.74, a PEG ratio of 2.02 and a beta of 1.42. The business has a fifty day moving average price of $112.26 and a 200 day moving average price of $100.89. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a yield of 0.6%. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is currently 36.90%.

About Walt Disney

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.