The Walt Disney Company (NYSE:DIS) Shares Acquired by Keene & Associates Inc.

Keene & Associates Inc. increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,265 shares of the entertainment giant’s stock after purchasing an additional 839 shares during the period. Walt Disney makes up approximately 2.7% of Keene & Associates Inc.’s investment portfolio, making the stock its 14th largest position. Keene & Associates Inc.’s holdings in Walt Disney were worth $3,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Good Life Advisors LLC grew its stake in shares of Walt Disney by 31.3% in the fourth quarter. Good Life Advisors LLC now owns 22,430 shares of the entertainment giant’s stock valued at $2,498,000 after buying an additional 5,348 shares in the last quarter. Financial Perspectives Inc grew its position in Walt Disney by 12.3% in the 4th quarter. Financial Perspectives Inc now owns 5,906 shares of the entertainment giant’s stock valued at $658,000 after acquiring an additional 646 shares in the last quarter. Pegasus Asset Management Inc. increased its stake in Walt Disney by 1.6% during the fourth quarter. Pegasus Asset Management Inc. now owns 34,745 shares of the entertainment giant’s stock worth $3,869,000 after purchasing an additional 543 shares during the period. Laidlaw Wealth Management LLC boosted its stake in shares of Walt Disney by 13.8% in the fourth quarter. Laidlaw Wealth Management LLC now owns 3,034 shares of the entertainment giant’s stock valued at $338,000 after purchasing an additional 368 shares during the period. Finally, Accuvest Global Advisors grew its holdings in shares of Walt Disney by 58.7% in the fourth quarter. Accuvest Global Advisors now owns 24,573 shares of the entertainment giant’s stock valued at $2,736,000 after purchasing an additional 9,089 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.8 %

Shares of NYSE:DIS opened at $109.48 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market cap of $197.91 billion, a P/E ratio of 35.66, a P/E/G ratio of 1.79 and a beta of 1.42. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm has a fifty day moving average price of $110.95 and a 200 day moving average price of $102.13.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is presently 32.57%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DIS. Loop Capital increased their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company lifted their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley increased their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Guggenheim boosted 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. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

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.