The Walt Disney Company (NYSE:DIS) Shares Sold by UMB Bank n.a.

UMB Bank n.a. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,038 shares of the entertainment giant’s stock after selling 10,315 shares during the quarter. UMB Bank n.a.’s holdings in Walt Disney were worth $5,349,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Edgestream Partners L.P. boosted its position in Walt Disney by 67.3% during the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock valued at $644,000 after purchasing an additional 2,610 shares during the period. Pacer Advisors Inc. lifted its stake in Walt Disney by 4.7% in the second quarter. Pacer Advisors Inc. now owns 129,687 shares of the entertainment giant’s stock valued at $12,877,000 after buying an additional 5,772 shares during the last quarter. Sei Investments Co. lifted its stake in Walt Disney by 7.8% in the second quarter. Sei Investments Co. now owns 642,126 shares of the entertainment giant’s stock valued at $63,760,000 after buying an additional 46,620 shares during the last quarter. Profund Advisors LLC grew its position in shares of Walt Disney by 10.1% during the second quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant’s stock worth $2,235,000 after acquiring an additional 2,067 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Walt Disney by 9.0% in the 2nd quarter. ProShare Advisors LLC now owns 354,880 shares of the entertainment giant’s stock worth $35,236,000 after acquiring an additional 29,433 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on DIS. Sanford C. Bernstein upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Guggenheim lifted their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Loop Capital increased their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

Walt Disney Stock Up 0.6 %

Walt Disney stock opened at $107.07 on Tuesday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market cap of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The firm’s 50 day moving average price is $112.08 and its two-hundred day moving average price is $99.70.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business 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%. Walt Disney’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. On average, research analysts predict that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

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.