Union Savings Bank Decreases Stake in The Walt Disney Company (NYSE:DIS)

Union Savings Bank lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 19.0% in the 4th quarter, Holdings Channel reports. The fund owned 2,271 shares of the entertainment giant’s stock after selling 532 shares during the quarter. Union Savings Bank’s holdings in Walt Disney were worth $253,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Farmers Trust Co. boosted its position in Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after acquiring an additional 92 shares during the period. Saxon Interests Inc. lifted its position in shares of Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after purchasing an additional 93 shares in the last quarter. Smithfield Trust Co grew its position in Walt Disney by 0.5% during the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after purchasing an additional 102 shares in the last quarter. Drucker Wealth 3.0 LLC grew its position in Walt Disney by 0.9% during the third quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock valued at $1,121,000 after purchasing an additional 106 shares in the last quarter. Finally, Connable Office Inc. lifted its position in Walt Disney by 0.3% in the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Jefferies Financial Group began coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Needham & Company LLC boosted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Macquarie reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five 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. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Price Performance

DIS stock opened at $107.07 on Monday. The company has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. The company has a fifty day moving average price of $112.08 and a 200-day moving average price of $99.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. 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 released its quarterly 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. 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 during the quarter, compared to analyst estimates of $22.49 billion. During the same quarter last year, the business earned $0.82 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

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

Insider Buying and Selling

In related 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 transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last ninety days. 0.10% of the stock is owned by corporate 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.