Brookmont Capital Management Sells 316 Shares of The Walt Disney Company (NYSE:DIS)

Brookmont Capital Management lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,184 shares of the entertainment giant’s stock after selling 316 shares during the quarter. Brookmont Capital Management’s holdings in Walt Disney were worth $243,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farmers Trust Co. grew its stake in shares of Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after acquiring an additional 92 shares in the last quarter. Saxon Interests Inc. boosted its holdings in Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after purchasing an additional 93 shares during the last quarter. Smithfield Trust Co grew its position in Walt Disney by 0.5% in the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after purchasing an additional 102 shares in the last quarter. Drucker Wealth 3.0 LLC increased its stake in Walt Disney by 0.9% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock valued at $1,121,000 after buying an additional 106 shares during the last quarter. Finally, Connable Office Inc. lifted its position in Walt Disney by 0.3% during the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research analyst reports. Loop Capital lifted their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Piper Sandler initiated coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Rosenblatt Securities upped their target price on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, TD Cowen lifted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.54.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The shares were 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 of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % 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 in the last three months. 0.10% of the stock is owned by insiders.

Walt Disney Trading Up 0.6 %

Walt Disney stock opened at $107.07 on Tuesday. The firm’s 50 day moving average price is $112.08 and its 200-day moving average price is $99.70. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market cap of $193.90 billion, a P/E ratio of 39.51, a PEG ratio of 1.91 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

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

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. 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. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is presently 36.90%.

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.