Independence Bank of Kentucky Has $1.48 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Independence Bank of Kentucky grew its position in The Walt Disney Company (NYSE:DISFree Report) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,389 shares of the entertainment giant’s stock after purchasing an additional 1,420 shares during the quarter. Independence Bank of Kentucky’s holdings in Walt Disney were worth $1,480,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Planned Solutions Inc. bought a new position in Walt Disney during the fourth quarter worth $26,000. Dark Forest Capital Management LP bought a new position in shares of Walt Disney in the first quarter valued at $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney in the first quarter valued at $29,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $30,000. Finally, MBM Wealth Consultants LLC raised its holdings in shares of Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 3.1 %

NYSE:DIS opened at $118.98 on Thursday. The company has a fifty day moving average of $110.08 and a 200 day moving average of $95.85. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $218.25 billion, a P/E ratio of 73.44, a P/E/G ratio of 1.86 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same period in the prior year, the business posted $0.99 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, research analysts predict that The Walt Disney Company will post 4.67 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DIS. UBS Group raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Raymond James boosted their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company boosted their price target on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $122.13.

View Our Latest Research Report on Walt Disney

Walt Disney Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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