The Walt Disney Company (NYSE:DIS) Shares Sold by Keating Investment Counselors Inc.

Keating Investment Counselors Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,191 shares of the entertainment giant’s stock after selling 100 shares during the period. Keating Investment Counselors Inc.’s holdings in Walt Disney were worth $1,246,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on DIS shares. Morgan Stanley boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Guggenheim upped their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Loop Capital raised their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $110.31 on Tuesday. The business’s 50-day simple moving average is $111.14 and its 200 day simple moving average is $101.90. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market cap of $199.42 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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 anticipate that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid 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 a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

About Walt Disney

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.