KMG Fiduciary Partners LLC Acquires 1,453 Shares of The Walt Disney Company (NYSE:DIS)

KMG Fiduciary Partners LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,878 shares of the entertainment giant’s stock after purchasing an additional 1,453 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Walt Disney were worth $6,333,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DIS. Occidental Asset Management LLC increased its holdings in Walt Disney by 8.3% during the fourth quarter. Occidental Asset Management LLC now owns 19,578 shares of the entertainment giant’s stock worth $2,180,000 after buying an additional 1,506 shares during the last quarter. Empirical Asset Management LLC increased its holdings in Walt Disney by 1,078.5% during the fourth quarter. Empirical Asset Management LLC now owns 128,294 shares of the entertainment giant’s stock worth $14,286,000 after buying an additional 117,408 shares during the last quarter. Cvfg LLC acquired a new position in Walt Disney during the fourth quarter worth $371,000. Morton Capital Management LLC CA increased its holdings in Walt Disney by 2.2% during the fourth quarter. Morton Capital Management LLC CA now owns 5,813 shares of the entertainment giant’s stock worth $647,000 after buying an additional 125 shares during the last quarter. Finally, Cohen Investment Advisors LLC increased its holdings in shares of Walt Disney by 2.2% in the fourth quarter. Cohen Investment Advisors LLC now owns 20,544 shares of the entertainment giant’s stock valued at $2,288,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.7 %

DIS opened at $106.38 on Friday. The company’s 50 day moving average is $111.77 and its 200-day moving average is $99.58. The Walt Disney Company has a 1-year low of $83.91 and a 1-year 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. The company has a market cap of $192.65 billion, a P/E ratio of 39.25, a PEG ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same period last year, the company earned $0.82 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred 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 owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was 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 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Piper Sandler assumed coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Sanford C. Bernstein upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price 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.