Iowa State Bank Sells 470 Shares of The Walt Disney Company (NYSE:DIS)

Iowa State Bank cut its holdings in shares of The Walt Disney Company (NYSE:DISFree Report) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,646 shares of the entertainment giant’s stock after selling 470 shares during the period. Iowa State Bank’s holdings in Walt Disney were worth $2,045,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WNY Asset Management LLC lifted its holdings in shares of Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares in the last quarter. Silvia Mccoll Wealth Management LLC lifted its holdings in shares of Walt Disney by 4.2% in the second quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock valued at $361,000 after purchasing an additional 164 shares in the last quarter. Pathway Financial Advisors LLC lifted its holdings in shares of Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after purchasing an additional 141 shares in the last quarter. Tempus Wealth Planning LLC lifted its holdings in shares of Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after purchasing an additional 546 shares in the last quarter. Finally, DCM Advisors LLC increased its position in shares of Walt Disney by 0.3% in the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock valued at $6,604,000 after acquiring an additional 198 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $1.30 on Tuesday, hitting $122.84. The stock had a trading volume of 15,508,543 shares, compared to its average volume of 12,558,643. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The business’s 50 day moving average is $108.99 and its two-hundred day moving average is $95.42. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The stock has a market cap of $225.32 billion, a price-to-earnings ratio of 76.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Analysts forecast that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC lifted their target price on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Macquarie lifted their target price on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. UBS Group lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, The Goldman Sachs Group lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.04.

Check Out Our Latest Report on DIS

About Walt Disney

(Free Report)

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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