Wesbanco Bank Inc. Sells 3,041 Shares of The Walt Disney Company (NYSE:DIS)

Wesbanco Bank Inc. reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 48,310 shares of the entertainment giant’s stock after selling 3,041 shares during the quarter. Wesbanco Bank Inc.’s holdings in Walt Disney were worth $5,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC raised its position in Walt Disney by 29.6% during the fourth quarter. GoalVest Advisory LLC now owns 657 shares of the entertainment giant’s stock worth $73,000 after acquiring an additional 150 shares in the last quarter. Evolution Wealth Advisors LLC raised its position in Walt Disney by 31.0% during the fourth quarter. Evolution Wealth Advisors LLC now owns 4,221 shares of the entertainment giant’s stock worth $470,000 after acquiring an additional 1,000 shares in the last quarter. Cetera Trust Company N.A raised its position in Walt Disney by 4.8% during the fourth quarter. Cetera Trust Company N.A now owns 14,842 shares of the entertainment giant’s stock worth $1,653,000 after acquiring an additional 675 shares in the last quarter. Magnus Financial Group LLC raised its position in Walt Disney by 3.7% during the fourth quarter. Magnus Financial Group LLC now owns 20,796 shares of the entertainment giant’s stock worth $2,316,000 after acquiring an additional 745 shares in the last quarter. Finally, Investment Advisory Group LLC raised its position in shares of Walt Disney by 7.7% in the fourth quarter. Investment Advisory Group LLC now owns 2,413 shares of the entertainment giant’s stock valued at $269,000 after purchasing an additional 173 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.1 %

Shares of Walt Disney stock opened at $108.86 on Thursday. The firm’s 50-day moving average price is $112.35 and its two-hundred day moving average price is $99.83. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. 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 company has a market capitalization of $197.14 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.94 and a beta of 1.43.

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

Walt Disney Increases Dividend

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

Insider Activity at Walt Disney

In related 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Loop Capital increased their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie reissued a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Finally, Needham & Company LLC increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

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.