The Walt Disney Company (NYSE:DIS) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in The Walt Disney Company (NYSE:DISFree Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,681 shares of the entertainment giant’s stock after selling 1,668 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Walt Disney were worth $1,777,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. J.W. Cole Advisors Inc. grew its position in Walt Disney by 1.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 37,656 shares of the entertainment giant’s stock valued at $3,400,000 after acquiring an additional 448 shares in the last quarter. Kraft Davis & Associates LLC acquired a new position in shares of Walt Disney during the fourth quarter worth about $525,000. Onyx Bridge Wealth Group LLC grew its position in shares of Walt Disney by 3.9% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 12,247 shares of the entertainment giant’s stock worth $1,106,000 after buying an additional 463 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of Walt Disney during the fourth quarter worth about $124,000. Finally, Evolution Wealth Advisors LLC grew its position in shares of Walt Disney by 32.9% during the fourth quarter. Evolution Wealth Advisors LLC now owns 7,442 shares of the entertainment giant’s stock worth $672,000 after buying an additional 1,842 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of analyst reports. UBS Group boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Needham & Company LLC boosted their price objective on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Evercore ISI boosted their target price on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Bank of America boosted their target price on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Get Our Latest Report on Walt Disney

Walt Disney Trading Up 0.2 %

Shares of DIS stock opened at $112.61 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The firm has a market capitalization of $206.56 billion, a PE ratio of 69.51, a P/E/G ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The business’s fifty day moving average price is $113.98 and its 200 day moving average price is $98.69.

Walt Disney (NYSE:DISGet Free Report) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

Walt Disney Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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