The Walt Disney Company (NYSE:DIS) Shares Sold by First National Trust Co

First National Trust Co cut its holdings in The Walt Disney Company (NYSE:DIS) by 9.5% during the fourth quarter, HoldingsChannel reports. The fund owned 33,037 shares of the entertainment giant’s stock after selling 3,467 shares during the period. First National Trust Co’s holdings in Walt Disney were worth $2,983,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at $26,000. Stone House Investment Management LLC grew its position in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in Walt Disney during the third quarter worth about $30,000. Evolution Advisers Inc. increased its stake in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares during the period. Finally, Orion Capital Management LLC purchased a new position in shares of Walt Disney in the third quarter valued at approximately $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

DIS traded up $1.04 on Friday, reaching $113.66. The company had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The stock has a market capitalization of $208.49 billion, a PE ratio of 70.16, a P/E/G ratio of 1.38 and a beta of 1.40. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $114.50 and a 200-day moving average price of $100.60.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share 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 firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Walt Disney’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 4.67 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is 55.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Argus increased their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Finally, Evercore ISI boosted their price objective on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.08.

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.