Keybank National Association OH Trims Holdings in The Walt Disney Company (NYSE:DIS)

Keybank National Association OH lowered its holdings in The Walt Disney Company (NYSE:DIS) by 4.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 758,161 shares of the entertainment giant’s stock after selling 32,359 shares during the quarter. Keybank National Association OH’s holdings in Walt Disney were worth $84,421,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at about $28,000. Tacita Capital Inc raised its position in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $35,000. Finally, Hager Investment Management Services LLC purchased a new stake in Walt Disney in the fourth quarter worth $43,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DIS. Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Loop Capital upped their price objective 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. TD Cowen lifted their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Bank of America boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.44.

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 value of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 1.0 %

Shares of DIS stock opened at $112.69 on Tuesday. 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 Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company’s fifty day moving average price is $110.70 and its 200-day moving average price is $103.66. The company has a market capitalization of $203.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 1.80 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

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.