FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 437 Shares of The Walt Disney Company (NYSE:DIS)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,699 shares of the entertainment giant’s stock after selling 437 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walt Disney were worth $2,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Edgestream Partners L.P. increased its holdings in shares of Walt Disney by 67.3% during the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after purchasing an additional 2,610 shares during the period. MQS Management LLC acquired a new stake in Walt Disney during the second quarter worth approximately $479,000. Intech Investment Management LLC increased its stake in Walt Disney by 38.1% during the 2nd quarter. Intech Investment Management LLC now owns 184,004 shares of the entertainment giant’s stock worth $18,270,000 after acquiring an additional 50,759 shares during the period. Brighton Jones LLC raised its holdings in Walt Disney by 6.8% in the 2nd quarter. Brighton Jones LLC now owns 28,076 shares of the entertainment giant’s stock valued at $2,788,000 after acquiring an additional 1,778 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Walt Disney by 1.6% during the 2nd quarter. Ieq Capital LLC now owns 179,075 shares of the entertainment giant’s stock valued at $17,780,000 after acquiring an additional 2,779 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler assumed coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Rosenblatt Securities increased their price target on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.54.

Insider Transactions at Walt Disney

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

Walt Disney Price Performance

Shares of NYSE:DIS opened at $107.07 on Friday. The firm has a market cap of $193.90 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm’s fifty day moving average is $111.92 and its 200-day moving average is $99.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

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

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 36.90%.

Walt Disney 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.