Stonekeep Investments LLC Sells 1,213 Shares of The Walt Disney Company (NYSE:DIS)

Stonekeep Investments LLC reduced its holdings in The Walt Disney Company (NYSE:DIS) by 30.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,746 shares of the entertainment giant’s stock after selling 1,213 shares during the quarter. Stonekeep Investments LLC’s holdings in Walt Disney were worth $306,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DIS. Edgestream Partners L.P. lifted its position in shares of Walt Disney by 67.3% in the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after purchasing an additional 2,610 shares in the last quarter. MQS Management LLC bought a new position in shares of Walt Disney in the 2nd quarter valued at about $479,000. Intech Investment Management LLC raised its holdings in Walt Disney by 38.1% during the second quarter. Intech Investment Management LLC now owns 184,004 shares of the entertainment giant’s stock worth $18,270,000 after acquiring an additional 50,759 shares in the last quarter. Brighton Jones LLC boosted its position in Walt Disney by 6.8% during the second quarter. Brighton Jones LLC now owns 28,076 shares of the entertainment giant’s stock valued at $2,788,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in Walt Disney by 1.6% in the second quarter. Ieq Capital LLC now owns 179,075 shares of the entertainment giant’s stock valued at $17,780,000 after purchasing an additional 2,779 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DIS. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. TD Cowen raised their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Needham & Company LLC lifted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Piper Sandler began coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.54.

Walt Disney Stock Performance

Walt Disney stock opened at $107.07 on Friday. The stock has a market cap of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s 50-day moving average price is $111.92 and its two-hundred day moving average price is $99.62.

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

Walt Disney Increases Dividend

The business 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. This represents a dividend yield of 0.6%. 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. Walt Disney’s payout ratio is presently 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.