Klingenstein Fields & Co. LP Sells 1,120 Shares of The Walt Disney Company (NYSE:DIS)

Klingenstein Fields & Co. LP reduced its holdings in The Walt Disney Company (NYSE:DIS) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 628,202 shares of the entertainment giant’s stock after selling 1,120 shares during the quarter. Walt Disney comprises 2.8% of Klingenstein Fields & Co. LP’s portfolio, making the stock its 9th biggest holding. Klingenstein Fields & Co. LP’s holdings in Walt Disney were worth $69,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. Wedge Capital Management L L P NC grew its position in Walt Disney by 8.1% during the third quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock worth $348,000 after buying an additional 270 shares in the last quarter. Creative Planning grew 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 worth $59,827,000 after buying an additional 5,972 shares in the last quarter. Vontobel Holding Ltd. grew its position in Walt Disney by 27.3% during the third quarter. Vontobel Holding Ltd. now owns 311,378 shares of the entertainment giant’s stock worth $29,951,000 after buying an additional 66,856 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Walt Disney by 58.5% during the third quarter. Wolff Wiese Magana LLC now owns 677 shares of the entertainment giant’s stock worth $65,000 after buying an additional 250 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its holdings in Walt Disney by 3.2% during the third quarter. Twelve Points Wealth Management LLC now owns 4,264 shares of the entertainment giant’s stock valued at $410,000 after purchasing an additional 133 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Six research 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, the company has an average rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Price Performance

DIS opened at $109.56 on Friday. 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. The company has a fifty day simple moving average of $111.41 and a 200 day simple moving average of $101.67. The stock has a market cap of $198.06 billion, a P/E ratio of 35.69, a P/E/G ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The company 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 represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is 32.57%.

Insiders Place Their Bets

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, 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. In the last 90 days, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.16% of the company’s stock.

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.