Sabal Trust CO Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Sabal Trust CO grew its stake in The Walt Disney Company (NYSE:DIS) by 2,432.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 139,772 shares of the entertainment giant’s stock after purchasing an additional 134,253 shares during the period. Sabal Trust CO’s holdings in Walt Disney were worth $15,564,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DIS. Semanteon Capital Management LP acquired a new position in Walt Disney in the third quarter valued at $611,000. Concord Wealth Partners increased its position in Walt Disney by 19.0% during the 3rd quarter. Concord Wealth Partners now owns 2,751 shares of the entertainment giant’s stock worth $265,000 after purchasing an additional 439 shares during the period. Autumn Glory Partners LLC raised its stake in shares of Walt Disney by 31.7% during the 3rd quarter. Autumn Glory Partners LLC now owns 33,567 shares of the entertainment giant’s stock worth $3,229,000 after buying an additional 8,085 shares in the last quarter. Orrstown Financial Services Inc. boosted its stake in shares of Walt Disney by 72.5% in the third quarter. Orrstown Financial Services Inc. now owns 5,759 shares of the entertainment giant’s stock valued at $554,000 after buying an additional 2,420 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its holdings in Walt Disney by 4.8% during the third quarter. Hunter Associates Investment Management LLC now owns 6,595 shares of the entertainment giant’s stock worth $635,000 after acquiring an additional 300 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS opened at $110.57 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $110.63 and its 200-day moving average is $102.92. The stock has a market cap of $199.89 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was 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 32.57%.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DIS shares. Loop Capital upped their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.44.

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.