Thomasville National Bank Lowers Stake in The Walt Disney Company (NYSE:DIS)

Thomasville National Bank cut its position in shares of The Walt Disney Company (NYSE:DIS) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,360 shares of the entertainment giant’s stock after selling 917 shares during the quarter. Thomasville National Bank’s holdings in Walt Disney were worth $820,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney during the second quarter worth about $32,000. Birch Capital Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $56,000. First PREMIER Bank boosted its position in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Walt Disney in the third quarter worth approximately $51,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walt Disney in the third quarter worth approximately $57,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS stock traded down $1.52 during trading on Monday, hitting $107.13. 1,898,457 shares of the company’s stock traded hands, compared to its average volume of 6,221,460. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock has a fifty day moving average price of $111.11 and a two-hundred day moving average price of $99.43. The stock has a market capitalization of $194.01 billion, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43.

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, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be issued a $0.50 dividend. The ex-dividend date is Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is presently 36.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Needham & Company LLC raised their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, TD Cowen lifted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.54.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is owned by insiders.

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.