OLD Second National Bank of Aurora Has $1.86 Million Stake in The Walt Disney Company (NYSE:DIS)

OLD Second National Bank of Aurora trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,541 shares of the entertainment giant’s stock after selling 2,137 shares during the period. OLD Second National Bank of Aurora’s holdings in Walt Disney were worth $1,855,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DIS. Trian Fund Management L.P. lifted its position in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after buying an additional 23,644,765 shares during the period. Norges Bank acquired a new position in Walt Disney in the fourth quarter valued at approximately $1,433,075,000. Morgan Stanley lifted its holdings in Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in Walt Disney in the third quarter valued at approximately $326,171,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Argus increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Raymond James upped their target price on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. Bank of America upped their target price on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $135.00 in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $124.54.

Walt Disney Stock Performance

Walt Disney stock traded up $1.12 during midday trading on Thursday, hitting $114.06. The company’s stock had a trading volume of 1,407,376 shares, compared to its average volume of 12,051,343. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company has a 50-day moving average price of $113.86 and a two-hundred day moving average price of $98.25. The company has a market cap of $209.22 billion, a price-to-earnings ratio of 70.39, a PEG ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period last year, the firm earned $0.99 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

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.