Trust Co of Kansas Sells 15,256 Shares of The Walt Disney Company (NYSE:DIS)

Trust Co of Kansas decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 24.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 47,324 shares of the entertainment giant’s stock after selling 15,256 shares during the period. Walt Disney makes up approximately 2.4% of Trust Co of Kansas’ investment portfolio, making the stock its 20th largest holding. Trust Co of Kansas’ holdings in Walt Disney were worth $4,273,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Gradient Capital Advisors LLC raised its position in shares of Walt Disney by 2.9% in the 4th quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after buying an additional 111 shares during the period. First Business Financial Services Inc. boosted its position in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after buying an additional 113 shares during the period. Kelman Lazarov Inc. boosted its position in shares of Walt Disney by 3.4% during the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after buying an additional 117 shares during the period. CoreCap Advisors LLC lifted its position in Walt Disney by 0.5% in the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock worth $2,176,000 after purchasing an additional 118 shares during the period. Finally, Bfsg LLC increased its holdings in shares of Walt Disney by 3.2% in the third quarter. Bfsg LLC now owns 3,894 shares of the entertainment giant’s stock valued at $316,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America increased their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company lifted their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday. Raymond James boosted their target price on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Stock Up 1.7 %

Shares of DIS traded up $1.88 during trading hours on Tuesday, reaching $113.87. The company’s stock had a trading volume of 4,814,121 shares, compared to its average volume of 11,946,623. The firm has a market cap of $208.87 billion, a price-to-earnings ratio of 69.95, a P/E/G ratio of 1.38 and a beta of 1.42. The company has a 50 day moving average of $114.04 and a two-hundred day moving average of $99.05. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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 for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Activity

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

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.