The Walt Disney Company (NYSE:DIS) Shares Sold by Thomasville National Bank

Thomasville National Bank decreased its position in The Walt Disney Company (NYSE:DIS) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,360 shares of the entertainment giant’s stock after selling 917 shares during the period. Thomasville National Bank’s holdings in Walt Disney were worth $820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its holdings in Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares in the last quarter. City State Bank increased its holdings in Walt Disney by 5.0% in the fourth quarter. City State Bank now owns 3,040 shares of the entertainment giant’s stock valued at $339,000 after buying an additional 144 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in Walt Disney by 1.2% in the fourth quarter. Fiduciary Alliance LLC now owns 52,108 shares of the entertainment giant’s stock valued at $5,802,000 after buying an additional 643 shares in the last quarter. Winthrop Advisory Group LLC increased its holdings in Walt Disney by 1.8% in the fourth quarter. Winthrop Advisory Group LLC now owns 14,418 shares of the entertainment giant’s stock valued at $1,605,000 after buying an additional 253 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its stake in shares of Walt Disney by 2.7% during the fourth quarter. Aprio Wealth Management LLC now owns 10,672 shares of the entertainment giant’s stock worth $1,188,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.4 %

Shares of NYSE DIS traded down $1.52 during mid-day trading on Monday, reaching $107.13. The company had a trading volume of 1,898,457 shares, compared to its average volume of 6,221,460. 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 50 day simple moving average of $111.11 and a two-hundred day simple moving average of $99.43. The stock has a market cap of $194.01 billion, a P/E ratio of 39.53, a PEG ratio of 2.03 and a beta of 1.43. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

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

Walt Disney Increases Dividend

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

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the firm’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 transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % 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. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.54.

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.