Mitchell Mcleod Pugh & Williams Inc. Sells 2,123 Shares of The Walt Disney Company (NYSE:DIS)

Mitchell Mcleod Pugh & Williams Inc. reduced its holdings in The Walt Disney Company (NYSE:DIS) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,046 shares of the entertainment giant’s stock after selling 2,123 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Walt Disney were worth $1,675,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the 2nd quarter worth approximately $32,000. Friedenthal Financial purchased a new stake in Walt Disney in the 4th quarter worth approximately $49,000. First PREMIER Bank lifted its stake in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Walt Disney during the 3rd quarter worth approximately $51,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DIS has been the topic of a number of analyst reports. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Loop Capital raised their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen increased their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Morgan Stanley upped their price target on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Sanford C. Bernstein raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.54.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The shares were 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. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last ninety days. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $107.07 on Monday. 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 stock has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm’s fifty day simple moving average is $112.08 and its 200-day simple moving average is $99.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts forecast 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 was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio is currently 36.90%.

Walt Disney Company 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.