KLCM Advisors Inc. Sells 4,524 Shares of The Walt Disney Company (NYSE:DIS)

KLCM Advisors Inc. trimmed its position in The Walt Disney Company (NYSE:DIS) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,464 shares of the entertainment giant’s stock after selling 4,524 shares during the quarter. Walt Disney comprises about 1.2% of KLCM Advisors Inc.’s investment portfolio, making the stock its 23rd biggest position. KLCM Advisors Inc.’s holdings in Walt Disney were worth $10,741,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DIS. Creative Planning lifted its position in Walt Disney by 0.9% during the third quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock valued at $59,827,000 after purchasing an additional 5,972 shares during the last quarter. Blue Trust Inc. raised its position in shares of Walt Disney by 52.9% during the 3rd quarter. Blue Trust Inc. now owns 19,004 shares of the entertainment giant’s stock valued at $1,887,000 after buying an additional 6,573 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Walt Disney by 3.3% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 39,216 shares of the entertainment giant’s stock valued at $3,772,000 after acquiring an additional 1,249 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Walt Disney by 20.3% in the third quarter. Revolve Wealth Partners LLC now owns 5,946 shares of the entertainment giant’s stock worth $572,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Cedrus LLC raised its position in Walt Disney by 1.8% during the third quarter. Cedrus LLC now owns 7,553 shares of the entertainment giant’s stock valued at $727,000 after purchasing an additional 132 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 directly owns 226,767 shares of the company’s stock, 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. Insiders sold 385,412 shares of company stock valued at $44,153,263 over the last 90 days. Insiders own 0.16% of the company’s stock.

Walt Disney Trading Up 0.7 %

NYSE:DIS opened at $110.31 on Monday. The firm has a market cap of $199.42 billion, a P/E ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a 50-day simple moving average of $111.14 and a 200-day simple moving average of $101.85.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating 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 analysts anticipate that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid 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 a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 32.57%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. 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 company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.85.

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.