Ledyard National Bank Sells 186 Shares of The Walt Disney Company (NYSE:DIS)

Ledyard National Bank lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,114 shares of the entertainment giant’s stock after selling 186 shares during the period. Ledyard National Bank’s holdings in Walt Disney were worth $681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Encompass Wealth Advisors LLC raised its stake in Walt Disney by 31.5% during the 4th quarter. Encompass Wealth Advisors LLC now owns 3,584 shares of the entertainment giant’s stock worth $399,000 after buying an additional 859 shares during the period. Investments & Financial Planning LLC acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $222,000. Glassy Mountain Advisors Inc. lifted its holdings in shares of Walt Disney by 2.7% in the 4th quarter. Glassy Mountain Advisors Inc. now owns 33,657 shares of the entertainment giant’s stock worth $3,748,000 after purchasing an additional 870 shares in the last quarter. Telos Capital Management Inc. grew its position in Walt Disney by 0.7% in the 4th quarter. Telos Capital Management Inc. now owns 72,643 shares of the entertainment giant’s stock valued at $8,089,000 after purchasing an additional 538 shares during the period. Finally, GHP Investment Advisors Inc. increased its stake in Walt Disney by 3.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 69,089 shares of the entertainment giant’s stock valued at $7,693,000 after purchasing an additional 2,558 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 1.5 %

Shares of DIS opened at $112.15 on Friday. The business’s 50-day moving average price is $112.11 and its 200-day moving average price is $100.99. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market cap of $202.82 billion, a PE ratio of 41.38, a P/E/G ratio of 2.02 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. On average, equities analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Morgan Stanley lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company increased their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research note on Wednesday. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.16% of the stock is currently owned by insiders.

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.