The Walt Disney Company (NYSE:DIS) Shares Sold by Rockland Trust Co.

Rockland Trust Co. decreased its holdings in The Walt Disney Company (NYSE:DIS) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,274 shares of the entertainment giant’s stock after selling 254 shares during the quarter. Rockland Trust Co.’s holdings in Walt Disney were worth $1,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Crestmont Private Wealth LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $201,000. Pines Wealth Management LLC purchased a new position in Walt Disney during the fourth quarter worth approximately $625,000. Accurate Wealth Management LLC boosted its holdings in shares of Walt Disney by 12.4% in the 4th quarter. Accurate Wealth Management LLC now owns 4,247 shares of the entertainment giant’s stock valued at $461,000 after purchasing an additional 467 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Walt Disney by 24.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,265 shares of the entertainment giant’s stock valued at $141,000 after buying an additional 247 shares during the period. Finally, Global Financial Private Client LLC grew its stake in shares of Walt Disney by 7.0% during the 4th quarter. Global Financial Private Client LLC now owns 18,603 shares of the entertainment giant’s stock valued at $2,071,000 after buying an additional 1,219 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $108.03 on Wednesday. The company has a market capitalization of $195.64 billion, a PE ratio of 39.86, a P/E/G ratio of 2.03 and a beta of 1.43. 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 stock’s 50 day moving average is $111.58 and its two-hundred day moving average is $99.51. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the prior year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Finally, Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.54.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. Insiders own 0.10% of the company’s stock.

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.