Hudson Value Partners LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Hudson Value Partners LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 37.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,115 shares of the entertainment giant’s stock after selling 5,938 shares during the period. Hudson Value Partners LLC’s holdings in Walt Disney were worth $1,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in DIS. OLD National Bancorp IN grew its position in shares of Walt Disney by 13.7% in the third quarter. OLD National Bancorp IN now owns 14,612 shares of the entertainment giant’s stock valued at $1,406,000 after purchasing an additional 1,758 shares during the period. Vest Financial LLC grew its stake in shares of Walt Disney by 200.6% in the 3rd quarter. Vest Financial LLC now owns 6,554 shares of the entertainment giant’s stock valued at $630,000 after buying an additional 4,374 shares during the period. Allspring Global Investments Holdings LLC raised its position in Walt Disney by 4.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock valued at $10,377,000 after purchasing an additional 4,878 shares during the period. Ledyard National Bank boosted its stake in Walt Disney by 3.9% during the third quarter. Ledyard National Bank now owns 6,300 shares of the entertainment giant’s stock worth $606,000 after buying an additional 235 shares during the period. Finally, Telos Capital Management Inc. increased its holdings in Walt Disney by 3.0% in the 3rd quarter. Telos Capital Management Inc. now owns 72,105 shares of the entertainment giant’s stock valued at $6,936,000 after purchasing an additional 2,128 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was 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 in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Sanford C. Bernstein increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Morgan Stanley lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $109.48 on Wednesday. The company has a market capitalization of $197.91 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42. The business’s 50-day moving average price is $110.95 and its two-hundred day moving average price is $102.13. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last released its quarterly 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%. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently disclosed 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. 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 payout ratio 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.