Peoples Bank KS Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Peoples Bank KS cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,922 shares of the entertainment giant’s stock after selling 105 shares during the period. Peoples Bank KS’s holdings in Walt Disney were worth $882,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. One Wealth Capital Management LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $227,000. Birch Capital Management LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $56,000. Spartan Planning & Wealth Management bought a new stake in shares of Walt Disney during the 4th quarter valued at about $302,000. Regent Peak Wealth Advisors LLC lifted its stake in shares of Walt Disney by 4.5% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 2,920 shares of the entertainment giant’s stock worth $325,000 after purchasing an additional 126 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of Walt Disney by 6.8% in the fourth quarter. Diversified Trust Co now owns 19,048 shares of the entertainment giant’s stock worth $2,121,000 after buying an additional 1,206 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $111.39 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market cap of $201.72 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 2.05 and a beta of 1.43. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock’s 50 day simple moving average is $110.29 and its two-hundred day simple moving average is $99.28.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Walt Disney’s revenue was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 over the last ninety days. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on DIS. Evercore ISI upped their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Sanford C. Bernstein raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.54.

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.