The Walt Disney Company (NYSE:DIS) Shares Sold by First United Bank & Trust

First United Bank & Trust decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,255 shares of the entertainment giant’s stock after selling 938 shares during the quarter. First United Bank & Trust’s holdings in Walt Disney were worth $696,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DIS. Farmers Trust Co. lifted its stake in Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after purchasing an additional 92 shares during the last quarter. Saxon Interests Inc. lifted its holdings in shares of Walt Disney by 2.8% in the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after purchasing an additional 93 shares during the last quarter. Smithfield Trust Co boosted its position in shares of Walt Disney by 0.5% in the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after purchasing an additional 102 shares during the period. Drucker Wealth 3.0 LLC boosted its position in shares of Walt Disney by 0.9% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock valued at $1,121,000 after purchasing an additional 106 shares during the period. Finally, Connable Office Inc. increased its position in Walt Disney by 0.3% during the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on 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 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 Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, 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 ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.6 %

Walt Disney stock opened at $107.07 on Tuesday. The stock has a 50-day moving average price of $112.08 and a 200 day moving average price of $99.70. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock has a market cap of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.91 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.82 earnings per share. Equities research analysts predict 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 announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors 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 yield of 0.6%. Walt Disney’s dividend payout ratio is 36.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DIS shares. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Needham & Company LLC lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

About Walt Disney

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.