Park National Corp OH Sells 3,118 Shares of The Walt Disney Company (NYSE:DIS)

Park National Corp OH trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,493 shares of the entertainment giant’s stock after selling 3,118 shares during the period. Park National Corp OH’s holdings in Walt Disney were worth $5,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. One Wealth Capital Management LLC bought a new stake in Walt Disney during the 4th quarter worth approximately $227,000. Birch Capital Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $56,000. Spartan Planning & Wealth Management bought a new stake in Walt Disney in the fourth quarter worth $302,000. Regent Peak Wealth Advisors LLC lifted its position in Walt Disney by 4.5% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,920 shares of the entertainment giant’s stock worth $325,000 after buying an additional 126 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in Walt Disney by 6.8% during the fourth quarter. Diversified Trust Co now owns 19,048 shares of the entertainment giant’s stock worth $2,121,000 after buying an additional 1,206 shares during the period. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DIS shares. Wells Fargo & Company raised their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a 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 note on Monday. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Piper Sandler started coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.54.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $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 worth $44,153,263 in the last three months. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

NYSE:DIS opened at $111.39 on Wednesday. The company has a market cap of $201.72 billion, a P/E ratio of 41.10, a P/E/G ratio of 2.05 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company’s 50-day moving average price is $110.29 and its 200-day moving average price is $99.28. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last released its 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 analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. On average, 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 disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s 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.