The Walt Disney Company (NYSE:DIS) Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 96,995 shares of the entertainment giant’s stock after selling 4,048 shares during the quarter. Walt Disney makes up approximately 2.0% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 16th biggest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Walt Disney were worth $10,800,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its stake in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after acquiring an additional 114,701 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after acquiring an additional 13,339 shares in the last quarter. Summit Global Investments raised its stake in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of Walt Disney in the fourth quarter valued at $15,125,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $113.08 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market cap of $204.79 billion, a P/E ratio of 41.73, a PEG ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a 50-day moving average price of $112.45 and a 200 day moving average price of $100.33.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. Research analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current 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 given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Needham & Company LLC increased their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Loop Capital increased their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities increased their target price on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

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.