Fifth Third Bancorp Sells 29,581 Shares of The Walt Disney Company (NYSE:DIS)

Fifth Third Bancorp decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 712,618 shares of the entertainment giant’s stock after selling 29,581 shares during the period. Fifth Third Bancorp’s holdings in Walt Disney were worth $79,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Point72 Hong Kong Ltd bought a new stake in Walt Disney during the 2nd quarter worth approximately $378,000. AQR Capital Management LLC raised its position in shares of Walt Disney by 160.5% during the 2nd quarter. AQR Capital Management LLC now owns 829,220 shares of the entertainment giant’s stock valued at $82,333,000 after purchasing an additional 510,844 shares during the period. APG Asset Management N.V. lifted its stake in shares of Walt Disney by 65.6% during the 2nd quarter. APG Asset Management N.V. now owns 582,325 shares of the entertainment giant’s stock valued at $53,948,000 after buying an additional 230,594 shares in the last quarter. Deerfield Management Company L.P. Series C bought a new position in Walt Disney in the 2nd quarter worth $336,000. Finally, MBB Public Markets I LLC increased its stake in Walt Disney by 185.1% in the 2nd quarter. MBB Public Markets I LLC now owns 240,581 shares of the entertainment giant’s stock worth $23,887,000 after buying an additional 156,194 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 1.1 %

DIS opened at $112.25 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market cap of $203.28 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a fifty day moving average price of $112.52 and a 200-day moving average price of $99.98.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is presently 36.90%.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value 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 approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday. Needham & Company LLC raised their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

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.