The Walt Disney Company (NYSE:DIS) Shares Sold by Webster Bank N. A.

Webster Bank N. A. decreased its holdings in The Walt Disney Company (NYSE:DISFree Report) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,380 shares of the entertainment giant’s stock after selling 2,373 shares during the quarter. Webster Bank N. A.’s holdings in Walt Disney were worth $2,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Compton Capital Management Inc. RI boosted its holdings in shares of Walt Disney by 0.5% during the 1st quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after purchasing an additional 100 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its stake in shares of Walt Disney by 2.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after buying an additional 100 shares during the period. Linscomb & Williams Inc. raised its holdings in shares of Walt Disney by 1.9% during the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock worth $766,000 after purchasing an additional 106 shares during the last quarter. Apexium Financial LP increased its stake in shares of Walt Disney by 1.3% during 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 in the last quarter. Finally, First Business Financial Services Inc. increased its stake in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research analyst reports. Guggenheim boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Needham & Company LLC raised their target price on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Raymond James raised their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.13.

Check Out Our Latest Stock Analysis on Walt Disney

Insider Buying and Selling at Walt Disney

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

Walt Disney Trading Down 3.1 %

NYSE:DIS opened at $118.98 on Thursday. The stock’s 50 day moving average price is $110.08 and its 200 day moving average price is $95.85. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market capitalization of $218.25 billion, a P/E ratio of 73.44, a P/E/G ratio of 1.78 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DISGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 4.67 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

See Also

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

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