Moody National Bank Trust Division Trims Holdings in The Walt Disney Company (NYSE:DIS)

Moody National Bank Trust Division lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,396 shares of the entertainment giant’s stock after selling 718 shares during the quarter. Moody National Bank Trust Division’s holdings in Walt Disney were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. William B. Walkup & Associates Inc. acquired a new position in Walt Disney in the second quarter worth about $32,000. Birch Capital Management LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $56,000. First PREMIER Bank raised its position in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. FSA Wealth Management LLC bought a new position in Walt Disney during the third quarter worth $51,000. Finally, Livelsberger Financial Advisory acquired a new position in Walt Disney in the third quarter worth $57,000. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value 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 trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company’s 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. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 1.0 %

Shares of DIS traded down $1.04 during mid-day trading on Monday, hitting $107.61. 2,973,880 shares of the company’s stock were exchanged, compared to its average volume of 6,386,027. The stock has a market cap of $194.88 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 2.03 and a beta of 1.43. The firm has a fifty day moving average of $111.11 and a two-hundred day moving average of $99.43. 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 Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. On average, sell-side analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Morgan Stanley upped their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Needham & Company LLC raised their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities upped their price objective 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, Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.54.

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.