First Financial Bank Trust Division Sells 1,460 Shares of The Walt Disney Company (NYSE:DIS)

First Financial Bank Trust Division trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,961 shares of the entertainment giant’s stock after selling 1,460 shares during the period. First Financial Bank Trust Division’s holdings in Walt Disney were worth $8,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the 2nd quarter valued at approximately $32,000. Mascoma Wealth Management LLC grew its stake in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank increased its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. FSA Wealth Management LLC bought a new position in Walt Disney during the third quarter worth $51,000. Finally, Livelsberger Financial Advisory acquired a new position in Walt Disney during the 3rd quarter valued at $57,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were 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 directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, Sanford C. Bernstein upped their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.58.

Walt Disney Price Performance

DIS traded down $0.53 during trading on Thursday, hitting $110.82. The company’s stock had a trading volume of 5,563,413 shares, compared to its average volume of 10,703,737. 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 stock has a market capitalization of $200.69 billion, a price-to-earnings ratio of 40.89, a price-to-earnings-growth ratio of 2.05 and a beta of 1.42. The firm’s 50 day moving average price is $109.06 and its two-hundred day moving average price is $99.01. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. Sell-side 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 will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. 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.