First American Trust FSB Sells 31,966 Shares of The Walt Disney Company (NYSE:DIS)

First American Trust FSB reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 37.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,894 shares of the entertainment giant’s stock after selling 31,966 shares during the period. First American Trust FSB’s holdings in Walt Disney were worth $4,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DIS. Compton Capital Management Inc. RI raised its position in 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 valued at $2,838,000 after acquiring an additional 100 shares in the last quarter. Carolinas Wealth Consulting LLC raised its position in Walt Disney by 2.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after acquiring an additional 100 shares in the last quarter. Linscomb & Williams Inc. increased its position in shares of Walt Disney by 1.9% in the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock valued at $766,000 after buying an additional 106 shares in the last quarter. First Business Financial Services Inc. increased its position in shares of Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after buying an additional 113 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Walt Disney by 0.5% in the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock valued at $2,176,000 after buying an additional 118 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.9 %

Shares of Walt Disney stock traded down $1.06 during trading hours on Monday, hitting $112.95. The company’s stock had a trading volume of 9,160,698 shares, compared to its average volume of 12,303,287. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm has a fifty day moving average of $112.97 and a 200-day moving average of $97.68. The stock has a market cap of $207.18 billion, a price-to-earnings ratio of 69.77, a P/E/G ratio of 1.65 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is presently 55.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Tigress Financial restated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. Bank of America boosted their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research report on Thursday. They set an “overweight” rating and a $140.00 price target for the company. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Finally, Needham & Company LLC boosted their price target on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.54.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

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.