Peoples Bank KS Sells 105 Shares of The Walt Disney Company (NYSE:DIS)

Peoples Bank KS trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F 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 quarter. Peoples Bank KS’s holdings in Walt Disney were worth $882,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DIS. Smithfield Trust Co boosted its position in Walt Disney by 0.5% in the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after buying an additional 102 shares during the period. Drucker Wealth 3.0 LLC raised its stake in shares of Walt Disney by 0.9% during the third quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock valued at $1,121,000 after acquiring an additional 106 shares in the last quarter. Connable Office Inc. boosted its holdings in shares of Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock valued at $3,371,000 after purchasing an additional 108 shares during the period. Cozad Asset Management Inc. grew its stake in Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after purchasing an additional 110 shares in the last quarter. Finally, Absher Wealth Management LLC increased its holdings in Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after purchasing an additional 111 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DIS shares. Sanford C. Bernstein increased their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Piper Sandler initiated coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Rosenblatt Securities increased their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Loop Capital boosted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last quarter. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.3 %

NYSE:DIS opened at $111.39 on Wednesday. The company’s 50 day moving average is $110.29 and its two-hundred day moving average is $99.28. The company has a market cap of $201.72 billion, a PE ratio of 41.10, a P/E/G ratio of 2.05 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last released its 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. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the prior year, the firm earned $0.82 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. Analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be issued a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is 36.90%.

Walt Disney 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.