Legacy Private Trust Co. Has $1.64 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Legacy Private Trust Co. increased its stake in The Walt Disney Company (NYSE:DIS) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,712 shares of the entertainment giant’s stock after purchasing an additional 555 shares during the period. Legacy Private Trust Co.’s holdings in Walt Disney were worth $1,638,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at approximately $32,000. First PREMIER Bank raised its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Walt Disney during the third quarter worth $51,000. Birch Capital Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $56,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walt Disney in the 3rd quarter valued at $57,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Bank of America increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group began coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $125.54.

Insider Activity

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 transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 in the last three months. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 1.6 %

NYSE DIS opened at $109.63 on Thursday. The stock has a market capitalization of $198.53 billion, a P/E ratio of 40.45, a P/E/G ratio of 2.05 and a beta of 1.43. The business has a 50 day simple moving average of $110.58 and a 200 day simple moving average of $99.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

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

Walt Disney Increases Dividend

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

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.