Kanawha Capital Management LLC Has $6 Million Holdings in The Walt Disney Company (NYSE:DIS)

Kanawha Capital Management LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,842 shares of the entertainment giant’s stock after selling 2,046 shares during the period. Kanawha Capital Management LLC’s holdings in Walt Disney were worth $5,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Farmers Trust Co. raised its stake in shares of Walt Disney by 1.1% in the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after acquiring an additional 92 shares during the last quarter. Saxon Interests Inc. increased its position in shares of Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after acquiring an additional 93 shares in the last quarter. Abundance Wealth Counselors increased its position in shares of Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock worth $1,076,000 after acquiring an additional 94 shares in the last quarter. Bank Hapoalim BM increased its position in shares of Walt Disney by 2.2% during the fourth quarter. Bank Hapoalim BM now owns 4,539 shares of the entertainment giant’s stock worth $505,000 after acquiring an additional 96 shares in the last quarter. Finally, Great Diamond Partners LLC boosted its holdings in Walt Disney by 1.6% during the fourth quarter. Great Diamond Partners LLC now owns 6,105 shares of the entertainment giant’s stock worth $680,000 after purchasing an additional 98 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walt Disney news, 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 completion of the transaction, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’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 transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock valued at $44,153,263 over the last quarter. 0.16% of the stock is owned by company insiders.

Walt Disney Stock Performance

NYSE:DIS opened at $109.56 on Friday. The business has a 50 day moving average price of $111.41 and a 200-day moving average price of $101.67. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a market cap of $198.06 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts predict that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is presently 32.57%.

Wall Street Analyst Weigh In

A number of analysts have commented on DIS shares. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday. Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Citigroup restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

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.