Capital City Trust Co. FL Trims Stock Holdings in The Walt Disney Company (NYSE:DIS)

Capital City Trust Co. FL cut its holdings in shares of The Walt Disney Company (NYSE:DISFree Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,710 shares of the entertainment giant’s stock after selling 113 shares during the period. Capital City Trust Co. FL’s holdings in Walt Disney were worth $245,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Carolinas Wealth Consulting LLC grew its position in Walt Disney by 2.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after purchasing an additional 100 shares during the last quarter. Compton Capital Management Inc. RI grew its holdings in shares of Walt Disney by 0.5% during the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after buying an additional 100 shares during the last quarter. Linscomb & Williams Inc. grew its holdings in shares of Walt Disney by 1.9% during the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock worth $766,000 after buying an additional 106 shares during the last quarter. Apexium Financial LP increased its position in Walt Disney by 1.3% in the 2nd quarter. Apexium Financial LP now owns 8,851 shares of the entertainment giant’s stock valued at $790,000 after acquiring an additional 113 shares during the period. Finally, First Business Financial Services Inc. raised its stake in Walt Disney by 0.7% during the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after acquiring an additional 113 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Rosenblatt Securities dropped their target price on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, December 22nd. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC lifted their target price on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. Finally, Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.77.

Get Our Latest Analysis on DIS

Walt Disney Price Performance

Shares of Walt Disney stock opened at $122.36 on Friday. The business’s fifty day moving average price is $108.46 and its 200 day moving average price is $95.00. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $224.44 billion, a P/E ratio of 75.53, a PEG ratio of 1.88 and a beta of 1.41.

Walt Disney (NYSE:DISGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. As a group, research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is currently 18.52%.

Insider Activity

In related news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

About Walt Disney

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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