Logan Capital Management Inc. Has $4.94 Million Stake in The Walt Disney Company (NYSE:DIS)

Logan Capital Management Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,346 shares of the entertainment giant’s stock after selling 2,579 shares during the quarter. Logan Capital Management Inc.’s holdings in Walt Disney were worth $4,939,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Inspire Trust Co. N.A. bought a new position in Walt Disney during the third quarter worth about $2,597,000. Synovus Financial Corp raised its holdings in shares of Walt Disney by 0.3% in the 3rd quarter. Synovus Financial Corp now owns 78,401 shares of the entertainment giant’s stock worth $7,542,000 after buying an additional 249 shares in the last quarter. PVG Asset Management Corp bought a new position in shares of Walt Disney during the 3rd quarter worth approximately $211,000. Wilmington Savings Fund Society FSB boosted its stake in Walt Disney by 16.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 80,278 shares of the entertainment giant’s stock valued at $7,722,000 after buying an additional 11,568 shares in the last quarter. Finally, Arvest Bank Trust Division bought a new stake in Walt Disney in the third quarter valued at $9,018,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on 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 directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 1.4 %

Shares of DIS stock opened at $113.32 on Friday. The firm’s fifty day moving average price is $104.68 and its two-hundred day moving average price is $98.14. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $205.22 billion, a P/E ratio of 41.82, a PEG ratio of 2.05 and a beta of 1.42.

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

Walt Disney Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Needham & Company LLC lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a 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 report on Friday, November 15th. Evercore ISI raised their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.67.

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.