First National Trust Co Lowers Holdings in The Walt Disney Company (NYSE:DIS)

First National Trust Co decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,037 shares of the entertainment giant’s stock after selling 3,467 shares during the quarter. First National Trust Co’s holdings in Walt Disney were worth $2,983,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the 4th quarter worth $26,000. Stone House Investment Management LLC increased its holdings in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares in the last quarter. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth $30,000. Evolution Advisers Inc. increased its holdings in shares of Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

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

Walt Disney Price Performance

Shares of Walt Disney stock traded up $1.04 during trading hours on Friday, hitting $113.66. The company’s stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The business has a 50 day moving average price of $114.50 and a two-hundred day moving average price of $100.60. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a market cap of $208.49 billion, a PE ratio of 70.16, a PEG ratio of 1.38 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. Analysts expect that The Walt Disney Company will post 4.67 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 55.56%.

Analysts Set New Price Targets

A number of research firms have commented on DIS. Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Macquarie lifted their price objective on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.08.

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.