The Walt Disney Company (NYSE:DIS) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB decreased its position in The Walt Disney Company (NYSE:DIS) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,401 shares of the entertainment giant’s stock after selling 3,877 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Walt Disney were worth $8,507,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Wedmont Private Capital lifted its position in Walt Disney by 4.4% in the third quarter. Wedmont Private Capital now owns 16,289 shares of the entertainment giant’s stock worth $1,505,000 after purchasing an additional 693 shares during the period. Perpetual Ltd grew its holdings in Walt Disney by 95.1% during the third quarter. Perpetual Ltd now owns 27,701 shares of the entertainment giant’s stock worth $2,665,000 after acquiring an additional 13,504 shares during the period. WealthBridge Investment Counsel Inc. lifted its holdings in Walt Disney by 0.5% in the 3rd quarter. WealthBridge Investment Counsel Inc. now owns 64,486 shares of the entertainment giant’s stock valued at $6,203,000 after acquiring an additional 300 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Walt Disney by 4.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 5,651 shares of the entertainment giant’s stock worth $544,000 after purchasing an additional 223 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new stake in Walt Disney during the third quarter valued at approximately $1,347,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 1.1 %

Walt Disney stock opened at $110.83 on Friday. The business’s 50-day simple moving average is $112.00 and its 200-day simple moving average is $101.07. 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 capitalization of $200.43 billion, a PE ratio of 40.90, a PEG ratio of 2.02 and a beta of 1.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Equities research analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Rosenblatt Securities boosted their target price on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Bank of America raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Guggenheim increased their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company’s 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by corporate insiders.

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.