Legacy Trust Has $3.93 Million Position in The Walt Disney Company (NYSE:DIS)

Legacy Trust raised its holdings in The Walt Disney Company (NYSE:DIS) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,285 shares of the entertainment giant’s stock after acquiring an additional 2,858 shares during the quarter. Legacy Trust’s holdings in Walt Disney were worth $3,929,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DIS. Advisory Alpha LLC grew its holdings in Walt Disney by 13.1% during the second quarter. Advisory Alpha LLC now owns 7,014 shares of the entertainment giant’s stock valued at $696,000 after purchasing an additional 813 shares during the last quarter. 3Chopt Investment Partners LLC acquired a new position in Walt Disney in the 2nd quarter valued at $509,000. RiverFront Investment Group LLC raised its holdings in Walt Disney by 3.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 5,780 shares of the entertainment giant’s stock worth $574,000 after acquiring an additional 216 shares during the period. Farmers National Bank raised its holdings in Walt Disney by 4.6% in the 2nd quarter. Farmers National Bank now owns 49,627 shares of the entertainment giant’s stock worth $4,927,000 after acquiring an additional 2,200 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Walt Disney during the 2nd quarter worth $246,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. TD Cowen lifted their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Sanford C. Bernstein raised their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Evercore ISI increased their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

Insiders Place Their Bets

In other Walt Disney news, 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 value of $42,667,242.84. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction 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 of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 in the last 90 days. 0.16% of the stock is currently owned by insiders.

Walt Disney Price Performance

NYSE:DIS opened at $113.08 on Thursday. The firm has a market cap of $204.79 billion, a PE ratio of 41.73, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company’s 50-day moving average price is $112.45 and its two-hundred day moving average price is $100.33. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $22.49 billion. During the same period in the prior year, the company earned $0.82 EPS. Walt Disney’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that The Walt Disney Company will post 5.41 EPS 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 given a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is 36.90%.

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.