OLD Second National Bank of Aurora Sells 2,137 Shares of The Walt Disney Company (NYSE:DIS)

OLD Second National Bank of Aurora trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 9.4% in the 4th quarter, HoldingsChannel reports. The firm owned 20,541 shares of the entertainment giant’s stock after selling 2,137 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Walt Disney were worth $1,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Trian Fund Management L.P. boosted its stake in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after acquiring an additional 23,644,765 shares during the last quarter. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $1,433,075,000. Morgan Stanley boosted its position in shares of Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of Walt Disney during the 3rd quarter valued at approximately $326,171,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 1.0 %

DIS stock traded up $1.12 during trading on Thursday, reaching $114.06. 1,407,376 shares of the company traded hands, compared to its average volume of 12,051,343. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The business has a 50 day simple moving average of $113.86 and a 200 day simple moving average of $98.25. The company has a market capitalization of $209.22 billion, a price-to-earnings ratio of 70.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. 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 issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion during 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 company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’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 completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DIS shares. Bank of America increased their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company increased their target price on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Raymond James increased their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Finally, UBS Group increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

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.