Kennedy Investment Group Lowers Stake in The Walt Disney Company (NYSE:DIS)

Kennedy Investment Group decreased its stake in The Walt Disney Company (NYSE:DIS) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,576 shares of the entertainment giant’s stock after selling 95 shares during the period. Kennedy Investment Group’s holdings in Walt Disney were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DIS. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the second quarter worth about $32,000. Cedar Mountain Advisors LLC lifted its stake in shares of Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 110 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Walt Disney in the fourth quarter worth about $49,000. First PREMIER Bank lifted its stake 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 worth $50,000 after acquiring an additional 256 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Walt Disney in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $112.26 on Wednesday. The stock has a market cap of $203.30 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The business has a fifty day simple moving average of $112.45 and a 200-day simple moving average of $100.22. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last issued its 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 business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Walt Disney’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given 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 dividend payout ratio (DPR) is presently 36.90%.

Analyst Ratings Changes

Several research analysts recently commented on DIS shares. Citigroup reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Piper Sandler started coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Sanford C. Bernstein upped their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Rosenblatt Securities upped their price objective on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction 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 sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.10% of the company’s stock.

Walt Disney 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.