KCS Wealth Advisory reduced its position in Walt Disney Co (NYSE:DIS) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,209 shares of the entertainment giant’s stock after selling 494 shares during the period. Walt Disney makes up approximately 1.6% of KCS Wealth Advisory’s holdings, making the stock its 7th largest holding. KCS Wealth Advisory’s holdings in Walt Disney were worth $2,199,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. HNP Capital LLC increased its holdings in Walt Disney by 2.7% during the 4th quarter. HNP Capital LLC now owns 2,781 shares of the entertainment giant’s stock worth $402,000 after purchasing an additional 73 shares during the last quarter. Wsfs Capital Management LLC increased its holdings in Walt Disney by 2.6% during the 2nd quarter. Wsfs Capital Management LLC now owns 3,003 shares of the entertainment giant’s stock worth $419,000 after purchasing an additional 76 shares during the last quarter. Northstar Wealth Partners LLC increased its holdings in Walt Disney by 1.9% during the 2nd quarter. Northstar Wealth Partners LLC now owns 4,063 shares of the entertainment giant’s stock worth $567,000 after purchasing an additional 76 shares during the last quarter. NewSquare Capital LLC increased its holdings in Walt Disney by 24.9% during the 2nd quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock worth $54,000 after purchasing an additional 77 shares during the last quarter. Finally, Inspirion Wealth Advisors LLC increased its holdings in Walt Disney by 3.0% during the 4th quarter. Inspirion Wealth Advisors LLC now owns 2,644 shares of the entertainment giant’s stock worth $382,000 after purchasing an additional 78 shares during the last quarter. 64.07% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Alan N. Braverman sold 3,107 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total transaction of $454,056.98. Following the completion of the transaction, the executive vice president now owns 104,358 shares in the company, valued at approximately $15,250,878.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $149.00, for a total value of $596,000.00. Following the transaction, the executive vice president now owns 36,479 shares of the company’s stock, valued at approximately $5,435,371. The disclosure for this sale can be found here. Insiders have sold a total of 18,837 shares of company stock valued at $2,759,138 in the last 90 days. Insiders own 0.36% of the company’s stock.
Several equities research analysts have issued reports on DIS shares. Rosenblatt Securities restated a “buy” rating and set a $175.00 price objective on shares of Walt Disney in a report on Thursday, January 2nd. Loop Capital lifted their price objective on Walt Disney from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Co dropped their price objective on Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Imperial Capital restated a “hold” rating and set a $143.00 price objective on shares of Walt Disney in a report on Tuesday, December 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a report on Friday, September 27th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $154.31.
Shares of NYSE DIS opened at $144.32 on Thursday. Walt Disney Co has a twelve month low of $107.32 and a twelve month high of $153.41. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $261.71 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 5.70 and a beta of 1.00. The business has a 50 day simple moving average of $146.80 and a 200-day simple moving average of $139.65.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The business had revenue of $19.10 billion during the quarter, compared to the consensus estimate of $19.02 billion. During the same period in the previous year, the business earned $1.48 EPS. The business’s quarterly revenue was up 33.6% on a year-over-year basis. As a group, equities analysts predict that Walt Disney Co will post 5.35 earnings per share for the current year.
The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a yield of 1.2%. Walt Disney’s dividend payout ratio is currently 30.50%.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
Read More: How to calculate compound interest
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.