Teachers Retirement System of The State of Kentucky Has $24.64 Million Holdings in The Walt Disney Company (NYSE:DIS)

Teachers Retirement System of The State of Kentucky lowered its holdings in The Walt Disney Company (NYSE:DIS) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,199 shares of the entertainment giant’s stock after selling 9,719 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Walt Disney were worth $24,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DIS. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the second quarter valued at approximately $32,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank raised its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Walt Disney in the third quarter valued at $51,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after acquiring an additional 333 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DIS. Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Macquarie increased their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Evercore ISI lifted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Sanford C. Bernstein increased their price objective 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. Finally, Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.67.

Walt Disney Stock Performance

NYSE:DIS opened at $114.75 on Wednesday. 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 firm has a market capitalization of $207.81 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.42. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock’s 50-day simple moving average is $103.07 and its 200 day simple moving average is $97.73.

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

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be paid a $0.50 dividend. This represents a dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend is Monday, December 16th. Walt Disney’s dividend payout ratio is presently 33.21%.

Insider Activity at Walt Disney

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 shares were 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 in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.