The Walt Disney Company (NYSE:DIS) Shares Sold by Davidson Trust Co.

Davidson Trust Co. lessened its stake in The Walt Disney Company (NYSE:DIS) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,784 shares of the entertainment giant’s stock after selling 120 shares during the quarter. Walt Disney makes up approximately 0.9% of Davidson Trust Co.’s holdings, making the stock its 29th biggest holding. Davidson Trust Co.’s holdings in Walt Disney were worth $1,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $35,000. Hager Investment Management Services LLC acquired a new position in Walt Disney in the fourth quarter worth $43,000. Cedar Mountain Advisors LLC boosted its holdings in Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 110 shares during the period. Friedenthal Financial acquired a new stake in shares of Walt Disney during the fourth quarter worth $49,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $50,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last quarter. 0.16% of the stock is owned by company insiders.

Walt Disney Stock Performance

NYSE:DIS opened at $110.31 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $111.14 and a 200-day moving average of $101.90. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market cap of $199.42 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Analysts forecast that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced 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 of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is 32.57%.

Walt Disney Company 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.