Sabal Trust CO Acquires 2,428 Shares of Walt Disney Co (NYSE:DIS)

Sabal Trust CO lifted its holdings in shares of Walt Disney Co (NYSE:DIS) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 165,488 shares of the entertainment giant’s stock after purchasing an additional 2,428 shares during the period. Walt Disney accounts for about 1.9% of Sabal Trust CO’s portfolio, making the stock its 28th largest position. Sabal Trust CO’s holdings in Walt Disney were worth $23,935,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Walt Disney by 3.3% in the second quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock valued at $18,307,330,000 after acquiring an additional 4,142,604 shares during the last quarter. State Street Corp boosted its holdings in Walt Disney by 2.0% in the third quarter. State Street Corp now owns 74,553,147 shares of the entertainment giant’s stock valued at $9,715,766,000 after acquiring an additional 1,431,054 shares during the last quarter. Phocas Financial Corp. boosted its holdings in Walt Disney by 1,011,623.0% in the second quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock valued at $91,731,000 after acquiring an additional 65,684,679 shares during the last quarter. Morgan Stanley boosted its holdings in Walt Disney by 29.9% in the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock valued at $3,874,059,000 after acquiring an additional 6,386,504 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Walt Disney by 15.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 22,012,053 shares of the entertainment giant’s stock valued at $3,073,763,000 after acquiring an additional 2,939,011 shares during the last quarter. Institutional investors own 64.07% of the company’s stock.

Shares of Walt Disney stock opened at $145.20 on Wednesday. The business’s 50 day simple moving average is $146.96 and its 200 day simple moving average is $139.63. Walt Disney Co has a 52-week low of $107.32 and a 52-week high of $153.41. The firm has a market cap of $261.71 billion, a PE ratio of 25.16, a P/E/G ratio of 5.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.90.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The business had revenue of $19.10 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same quarter last year, the firm earned $1.48 EPS. Walt Disney’s revenue for the quarter was up 33.6% compared to the same quarter last year. As a group, equities research analysts predict that Walt Disney Co will post 5.35 EPS for the current year.

The company also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a $0.88 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 13th. Walt Disney’s dividend payout ratio is presently 30.50%.

A number of equities analysts have issued reports on DIS shares. Loop Capital raised their target price on Walt Disney from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Credit Suisse Group set a $163.00 target price on Walt Disney and gave the stock a “buy” rating in a report on Wednesday, November 13th. Consumer Edge started coverage on Walt Disney in a report on Monday, November 25th. They set an “overweight” rating and a $175.00 target price on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $160.00 target price on shares of Walt Disney in a report on Monday, November 25th. Finally, ValuEngine cut Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $154.31.

In related news, EVP Alan N. Braverman sold 3,107 shares of Walt Disney stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total value of $454,056.98. Following the sale, the executive vice president now owns 104,358 shares of the company’s stock, valued at approximately $15,250,878.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Christine M. Mccarthy sold 4,617 shares of Walt Disney stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total value of $642,686.40. Following the completion of the sale, the chief financial officer now directly owns 135,756 shares in the company, valued at approximately $18,897,235.20. The disclosure for this sale can be found here. In the last three months, insiders sold 18,837 shares of company stock worth $2,759,138. 0.36% of the stock is owned by insiders.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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