The Walt Disney Company (NYSE:DIS) Shares Sold by M. Kraus & Co

M. Kraus & Co trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,235 shares of the entertainment giant’s stock after selling 4,725 shares during the period. M. Kraus & Co’s holdings in Walt Disney were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Walt Disney by 53.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,033 shares of the entertainment giant’s stock worth $449,000 after purchasing an additional 1,406 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Walt Disney by 6.2% during the fourth quarter. Park Avenue Securities LLC now owns 70,226 shares of the entertainment giant’s stock worth $7,818,000 after buying an additional 4,083 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in Walt Disney by 33.8% during the fourth quarter. Kathmere Capital Management LLC now owns 4,762 shares of the entertainment giant’s stock worth $530,000 after buying an additional 1,204 shares in the last quarter. Crestmont Private Wealth LLC acquired a new position in Walt Disney during the fourth quarter worth about $201,000. Finally, Pines Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter valued at about $625,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’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 transaction, the chief executive officer now directly 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. Over the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Rosenblatt Securities upped their price target on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Needham & Company LLC lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Trading Down 0.0 %

DIS stock opened at $108.03 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market cap of $195.64 billion, a price-to-earnings ratio of 39.86, a PEG ratio of 2.03 and a beta of 1.43. The business has a fifty day simple moving average of $111.58 and a 200-day simple moving average of $99.51. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities research analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is presently 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.