First Horizon Advisors Inc. Sells 313 Shares of The Walt Disney Company (NYSE:DIS)

First Horizon Advisors Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,427 shares of the entertainment giant’s stock after selling 313 shares during the quarter. First Horizon Advisors Inc.’s holdings in Walt Disney were worth $2,163,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DIS. Allspring Global Investments Holdings LLC raised its stake in shares of Walt Disney by 4.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock valued at $10,377,000 after purchasing an additional 4,878 shares during the period. GHP Investment Advisors Inc. grew its holdings in shares of Walt Disney by 2.8% during the third quarter. GHP Investment Advisors Inc. now owns 66,531 shares of the entertainment giant’s stock worth $6,400,000 after buying an additional 1,782 shares in the last quarter. Modera Wealth Management LLC raised its position in Walt Disney by 2.6% in the 3rd quarter. Modera Wealth Management LLC now owns 105,663 shares of the entertainment giant’s stock valued at $10,164,000 after buying an additional 2,657 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Walt Disney by 5.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,416,537 shares of the entertainment giant’s stock valued at $135,398,000 after acquiring an additional 71,908 shares in the last quarter. Finally, Bristlecone Advisors LLC boosted its position in Walt Disney by 3.0% during the 3rd quarter. Bristlecone Advisors LLC now owns 42,462 shares of the entertainment giant’s stock worth $4,084,000 after acquiring an additional 1,233 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $108.62 on Monday. The stock has a 50 day simple moving average of $110.70 and a 200 day simple moving average of $102.58. The stock has a market cap of $196.37 billion, a P/E ratio of 35.38, a PEG ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

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

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent research reports. Evercore ISI lifted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.44.

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.