Kentucky Retirement Systems Sells 1,716 Shares of The Walt Disney Company (NYSE:DIS)

Kentucky Retirement Systems decreased its position in The Walt Disney Company (NYSE:DIS) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,628 shares of the entertainment giant’s stock after selling 1,716 shares during the quarter. Kentucky Retirement Systems’ holdings in Walt Disney were worth $13,877,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DIS. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter worth $35,000. Hager Investment Management Services LLC bought a new stake in Walt Disney in the 4th quarter valued at $43,000. Cedar Mountain Advisors LLC increased its holdings in Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial bought a new stake in Walt Disney in the 4th quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Walt Disney in the 4th quarter valued at $50,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Sanford C. Bernstein raised their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Six 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Stock Performance

DIS stock opened at $110.52 on Friday. The firm has a market cap of $199.80 billion, a PE ratio of 36.00, a P/E/G ratio of 1.78 and a beta of 1.42. The business’s 50-day moving average price is $110.80 and its two-hundred day moving average price is $102.34. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

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

Insider Buying and Selling

In related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.