MassMutual Private Wealth & Trust FSB Sells 7,078 Shares of The Walt Disney Company (NYSE:DIS)

MassMutual Private Wealth & Trust FSB trimmed its stake in The Walt Disney Company (NYSE:DIS) by 6.2% during the 4th quarter, HoldingsChannel reports. The fund owned 107,370 shares of the entertainment giant’s stock after selling 7,078 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Walt Disney were worth $11,956,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DIS. Edgestream Partners L.P. raised its holdings in Walt Disney by 67.3% in the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after acquiring an additional 2,610 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Walt Disney by 4.7% in the second quarter. Pacer Advisors Inc. now owns 129,687 shares of the entertainment giant’s stock worth $12,877,000 after purchasing an additional 5,772 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Walt Disney by 7.8% during the second quarter. Sei Investments Co. now owns 642,126 shares of the entertainment giant’s stock valued at $63,760,000 after purchasing an additional 46,620 shares in the last quarter. Merriman Wealth Management LLC boosted its position in shares of Walt Disney by 4.2% during the second quarter. Merriman Wealth Management LLC now owns 3,181 shares of the entertainment giant’s stock valued at $316,000 after buying an additional 129 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in Walt Disney by 10.1% in the 2nd quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant’s stock worth $2,235,000 after buying an additional 2,067 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.6 %

Shares of DIS opened at $107.07 on Monday. The business’s 50 day moving average is $112.08 and its 200 day moving average is $99.69. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market capitalization of $193.90 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43.

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

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given 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 dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DIS shares. Jefferies Financial Group started coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Rosenblatt Securities lifted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Evercore ISI increased their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Loop Capital lifted their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.54.

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.