L.M. Kohn & Company Sells 1,241 Shares of The Walt Disney Company (NYSE:DIS)

L.M. Kohn & Company cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,944 shares of the entertainment giant’s stock after selling 1,241 shares during the period. L.M. Kohn & Company’s holdings in Walt Disney were worth $1,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $35,000. Hager Investment Management Services LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $43,000. Cedar Mountain Advisors LLC lifted its position in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 110 shares during the last quarter. Friedenthal Financial purchased a new stake in Walt Disney during the fourth quarter valued at approximately $49,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Walt Disney in the fourth quarter worth $50,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.7 %

Shares of NYSE DIS opened at $110.31 on Friday. The company’s 50-day simple moving average is $111.14 and its 200-day simple moving average is $101.78. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $199.42 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

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

Walt Disney Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 32.57%.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 8,000 shares of the business’s 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated 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 transaction, 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. Over the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Prescient Securities decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Loop Capital raised their price target 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. Finally, Wells Fargo & Company raised their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.85.

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.