Kentucky Retirement Systems Insurance Trust Fund Has $6.44 Million Stake in The Walt Disney Company (NYSE:DIS)

Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of The Walt Disney Company (NYSE:DIS) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,874 shares of the entertainment giant’s stock after acquiring an additional 4,178 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Walt Disney were worth $6,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Morton Brown Family Wealth LLC boosted its stake in Walt Disney by 81.8% in the 4th quarter. Morton Brown Family Wealth LLC now owns 2,344 shares of the entertainment giant’s stock valued at $261,000 after purchasing an additional 1,055 shares during the period. Creative Capital Management Investments LLC lifted its holdings in shares of Walt Disney by 18.8% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,285 shares of the entertainment giant’s stock worth $143,000 after buying an additional 203 shares in the last quarter. Bfsg LLC boosted its position in shares of Walt Disney by 133.0% in the fourth quarter. Bfsg LLC now owns 47,676 shares of the entertainment giant’s stock valued at $5,309,000 after acquiring an additional 27,212 shares during the period. GAM Holding AG grew its stake in shares of Walt Disney by 2.2% in the fourth quarter. GAM Holding AG now owns 132,075 shares of the entertainment giant’s stock valued at $14,707,000 after acquiring an additional 2,797 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Walt Disney by 14.2% during the fourth quarter. Venturi Wealth Management LLC now owns 7,512 shares of the entertainment giant’s stock worth $836,000 after acquiring an additional 932 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIS. Evercore ISI increased their target price 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. Bank of America upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company upped their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, TD Cowen boosted their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Walt Disney Stock Performance

NYSE DIS opened at $110.31 on Tuesday. The firm has a market cap of $199.42 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42. The company has a 50-day simple moving average of $111.14 and a two-hundred day simple moving average of $101.90. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

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

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio is currently 32.57%.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.16% of the company’s stock.

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.