8,716 Shares in The Walt Disney Company (NYSE:DIS) Bought by Kentucky Trust Co

Kentucky Trust Co purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,716 shares of the entertainment giant’s stock, valued at approximately $971,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the 4th quarter worth $35,000. Hager Investment Management Services LLC purchased a new stake in Walt Disney during the 4th quarter worth $43,000. Cedar Mountain Advisors LLC increased its stake in Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after buying an additional 110 shares during the period. Friedenthal Financial purchased a new stake in Walt Disney during the 4th quarter worth $49,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Walt Disney during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.2 %

NYSE DIS opened at $109.01 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The company’s 50 day simple moving average is $111.71 and its 200 day simple moving average is $101.39. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a market capitalization of $197.06 billion, a P/E ratio of 35.51, a PEG ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts expect that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Analysts Set New Price Targets

DIS has been the topic of several analyst reports. Loop Capital lifted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $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 have sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.16% of the stock is currently owned by corporate insiders.

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.