The Walt Disney Company (NYSE:DIS) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee reduced its holdings in The Walt Disney Company (NYSE:DIS) by 47.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,211 shares of the entertainment giant’s stock after selling 2,000 shares during the period. Hall Laurie J Trustee’s holdings in Walt Disney were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Client 1ST Advisory Group LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at approximately $313,000. Kaydan Wealth Management Inc. purchased a new position in Walt Disney during the fourth quarter valued at $201,000. Grove Bank & Trust grew its position in shares of Walt Disney by 3.4% in the fourth quarter. Grove Bank & Trust now owns 17,419 shares of the entertainment giant’s stock valued at $1,940,000 after purchasing an additional 575 shares during the period. Ballast Inc. increased its stake in shares of Walt Disney by 4.9% during the fourth quarter. Ballast Inc. now owns 13,207 shares of the entertainment giant’s stock worth $1,471,000 after purchasing an additional 614 shares in the last quarter. Finally, My Legacy Advisors LLC raised its position in shares of Walt Disney by 3.7% during the 4th quarter. My Legacy Advisors LLC now owns 11,233 shares of the entertainment giant’s stock worth $1,215,000 after purchasing an additional 398 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company’s 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 directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TD Cowen boosted their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Needham & Company LLC raised their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie reissued a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $125.54.

Walt Disney Stock Up 0.6 %

Shares of NYSE DIS opened at $107.07 on Monday. 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 business’s 50 day moving average is $112.08 and its two-hundred day moving average is $99.69. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $193.90 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced its 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. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the business posted $0.82 EPS. Walt Disney’s revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is 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.