Moody National Bank Trust Division Sells 20,568 Shares of The Walt Disney Company (NYSE:DIS)

Moody National Bank Trust Division lowered its stake in The Walt Disney Company (NYSE:DISFree Report) by 50.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,373 shares of the entertainment giant’s stock after selling 20,568 shares during the period. Moody National Bank Trust Division’s holdings in Walt Disney were worth $1,839,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Compton Capital Management Inc. RI boosted its position in shares of Walt Disney by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after acquiring an additional 100 shares during the period. Carolinas Wealth Consulting LLC boosted its holdings in Walt Disney by 2.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after purchasing an additional 100 shares during the period. Linscomb & Williams Inc. grew its position in shares of Walt Disney by 1.9% during the 1st quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock valued at $766,000 after purchasing an additional 106 shares in the last quarter. Apexium Financial LP increased its holdings in shares of Walt Disney by 1.3% in the second quarter. Apexium Financial LP now owns 8,851 shares of the entertainment giant’s stock worth $790,000 after purchasing an additional 113 shares during the period. Finally, First Business Financial Services Inc. raised its position in shares of Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the transaction, the executive vice president now owns 1,861 shares in the company, valued at $167,694.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DIS. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Macquarie lifted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Tigress Financial reissued a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. Rosenblatt Securities dropped their price objective on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a report on Friday, December 22nd. Finally, Barclays increased their target price on Walt Disney from $88.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $112.23.

View Our Latest Analysis on DIS

Walt Disney Trading Up 1.7 %

Shares of DIS stock traded up $1.95 during trading hours on Wednesday, reaching $116.46. The company’s stock had a trading volume of 11,611,485 shares, compared to its average volume of 12,720,917. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $213.62 billion, a P/E ratio of 71.89, a P/E/G ratio of 1.76 and a beta of 1.41. The firm’s fifty day simple moving average is $103.95 and its 200 day simple moving average is $93.06. The Walt Disney Company has a one year low of $78.73 and a one year high of $116.51.

Walt Disney (NYSE:DISGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the firm earned $0.99 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 4.62 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Walt Disney Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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