The Walt Disney Company (NYSE:DIS) Stock Position Lowered by Kennebec Savings Bank

Kennebec Savings Bank lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 68.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,825 shares of the entertainment giant’s stock after selling 3,947 shares during the quarter. Kennebec Savings Bank’s holdings in Walt Disney were worth $197,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Heritage Wealth Management Inc. purchased a new position in Walt Disney in the 2nd quarter worth about $269,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Walt Disney by 291.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,240 shares of the entertainment giant’s stock worth $19,882,000 after acquiring an additional 149,140 shares in the last quarter. Jacobs & Co. CA raised its holdings in shares of Walt Disney by 5.1% during the third quarter. Jacobs & Co. CA now owns 115,921 shares of the entertainment giant’s stock valued at $11,150,000 after acquiring an additional 5,604 shares during the period. American National Bank & Trust lifted its position in shares of Walt Disney by 365.1% in the 3rd quarter. American National Bank & Trust now owns 64,432 shares of the entertainment giant’s stock valued at $6,198,000 after acquiring an additional 50,578 shares in the last quarter. Finally, Abacus Planning Group Inc. boosted its stake in Walt Disney by 9.5% in the 3rd quarter. Abacus Planning Group Inc. now owns 7,387 shares of the entertainment giant’s stock worth $711,000 after purchasing an additional 642 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Macquarie restated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. TD Cowen increased their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Guggenheim upped their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, 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 research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 0.1 %

Shares of NYSE:DIS opened at $113.30 on Friday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm has a market cap of $204.89 billion, a P/E ratio of 41.81, a P/E/G ratio of 2.02 and a beta of 1.43. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $112.43 and its two-hundred day moving average price is $100.44.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. As a group, research analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal 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 given a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is presently 36.90%.

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.