The Walt Disney Company (NYSE:DIS) Shares Sold by Iowa State Bank

Iowa State Bank decreased its position in shares of The Walt Disney Company (NYSE:DISFree Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,646 shares of the entertainment giant’s stock after selling 470 shares during the quarter. Iowa State Bank’s holdings in Walt Disney were worth $2,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. Planned Solutions Inc. acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $26,000. Dark Forest Capital Management LP acquired a new stake in Walt Disney in the 1st quarter valued at $28,000. Worth Asset Management LLC acquired a new stake in Walt Disney in the 1st quarter valued at $29,000. Fortis Group Advisors LLC acquired a new stake in Walt Disney in the 3rd quarter valued at $30,000. Finally, MBM Wealth Consultants LLC grew its stake in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIS. Raymond James lifted their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.04.

Read Our Latest Stock Report on DIS

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction 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 document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $1.30 during trading on Tuesday, hitting $122.84. The stock had a trading volume of 15,508,543 shares, compared to its average volume of 12,558,643. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The firm has a market cap of $225.32 billion, a P/E ratio of 76.21, a PEG ratio of 1.88 and a beta of 1.42. The business has a fifty day moving average of $108.99 and a two-hundred day moving average of $95.42. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business 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 dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is 18.52%.

Walt Disney 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.

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

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