Kingsview Wealth Management Sells Shares of The Walt Disney Company

Kingsview Wealth Management LLC has reduced its investment in The Walt Disney Company (NYSE:DIS) by 63.8% during the fourth quarter, as reported in their latest 13F filing with the Securities and Exchange Commission. Following this sale, the firm now holds 40,963 shares of Disney's stock, after divesting 72,067 shares in that quarter. After this reduction, Kingsview's stake in Walt Disney is valued at approximately $4,561,000.

In addition to Kingsview's actions, various other institutional investors and hedge funds have also adjusted their positions in Disney. For example, Apollon Wealth Management LLC increased its stake by 14.2%, acquiring an additional 6,956 shares to own a total of 55,773 shares worth $6,210,000. Similarly, Apollon Financial LLC boosted its holdings by 66.6%, adding 2,374 shares to reach a total of 5,937 shares valued at $661,000. Vest Financial LLC also raised its stakes by 14.3%, and now owns 7,489 shares worth $834,000.

New investments have been made as well; Tenon Financial LLC established a new stake in Disney valued at about $235,000 during the fourth quarter. Joel Isaacson & Co. LLC increased its holdings by 13.2%, acquiring 3,272 shares to own 28,013 shares valued at approximately $3,119,000. Currently, institutional investors and hedge funds hold 65.71% of Disney's stock.

Insider Transactions

On another note, there have been significant insider transactions at Disney. Executive Vice President Brent Woodford sold 5,000 shares on November 20th at an average price of $113.62, totaling $568,100. Following this sale, he retains 44,055 shares valued at around $5,005,529. This represents a 10.19% reduction in his ownership. The sale was disclosed in an official filing with the SEC.

Additionally, CEO Robert A. Iger sold a substantial amount, totaling 372,412 shares, on November 22nd at an average price of $114.57 for a total of $42,667,242.84. After this transaction, he holds 226,767 shares worth approximately $25,980,695. This sale reflects a significant 62.15% decrease in his position. In total, insider sales for the last quarter reached 385,412 shares valued at $44,153,263, with insiders owning just 0.16% of the company's stock.

Current Market Performance

As for current trading performance, shares of Disney opened at $110.83 recently. Over the past year, Disney's stock reached a low of $83.91 and a high of $123.74. The company shows a quick ratio of 0.67, a current ratio of 0.68, and a debt-to-equity ratio of 0.36. The 50-day moving average is currently $111.87 while the 200-day average is $101.14. Disney has a market capitalization of $200.36 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 1.95, and a beta of 1.42.

Walt Disney last reported its earnings on February 5th, revealing earnings per share of $1.76, exceeding analysts' estimates of $1.44 by $0.32. The company's net margin was 6.07%, and it achieved a return on equity of 9.95%. Analysts predict that Disney will post earnings per share of 5.43 for the current fiscal year.

Dividend Increase

Walt Disney has also recently announced an increase in its semi-annual dividend. The company paid a dividend of $0.50 per share on January 16th to stockholders who were on record by December 16th. This increase from the previous dividend of $0.45 provides a dividend yield of 0.6%, with a payout ratio of 32.57%.

Analyst Ratings

The stock has received attention from several research analysts. TD Cowen raised their price target for Disney shares from $108.00 to $123.00, giving it a "hold" rating. Loop Capital also increased its target from $120.00 to $125.00 with a "buy" rating. Furthermore, Goldman Sachs raised its price target from $137.00 to $139.00, also issuing a "buy" rating. Guggenheim similarly increased their target from $110.00 to $130.00, maintaining a "buy" rating. Rosenblatt Securities set a new price target of $135.00 up from $122.00, also recommending a "buy". In total, six analysts rated the stock as a hold while nineteen recommended buying, presenting an average rating of "Moderate Buy" with a target price of $125.85.

About The Walt Disney Company

The Walt Disney Company operates as a prominent entertainment entity worldwide, structured into three key segments: Entertainment, Sports, and Experiences. Their operations involve producing and distributing films and television programming, alongside streaming content through various well-known brands and networks.

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