The Walt Disney Company (NYSE:DIS) Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 30.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,229 shares of the entertainment giant’s stock after selling 2,294 shares during the period. KG&L Capital Management LLC’s holdings in Walt Disney were worth $576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its holdings in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 110 shares in the last quarter. Friedenthal Financial purchased a new stake in Walt Disney during the fourth quarter worth about $49,000. Retirement Wealth Solutions LLC acquired a new position in Walt Disney during the fourth quarter worth about $50,000. Birch Capital Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $56,000. Finally, First PREMIER Bank increased its position in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DIS. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI raised their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, 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. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $125.52.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value 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. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. Company insiders own 0.16% of the company’s stock.

Walt Disney Trading Down 0.3 %

NYSE:DIS opened at $113.04 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business has a fifty day moving average of $112.34 and a 200-day moving average of $100.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market cap of $204.43 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.02 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. Walt Disney’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. Equities analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 36.90%.

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.