Oakworth Capital Inc. Has $778,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Oakworth Capital Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,613 shares of the entertainment giant’s stock after selling 410 shares during the period. Oakworth Capital Inc.’s holdings in Walt Disney were worth $778,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in shares of Walt Disney during the first quarter valued at about $28,000. Worth Asset Management LLC purchased a new position in shares of Walt Disney during the first quarter valued at approximately $29,000. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $26,000. SkyView Investment Advisors LLC lifted its holdings in shares of Walt Disney by 172.6% during the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after purchasing an additional 202 shares during the last quarter. Finally, MBM Wealth Consultants LLC raised its holdings in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 243 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DIS. Argus lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Guggenheim lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Rosenblatt Securities upped their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

Walt Disney Stock Performance

Shares of DIS traded down $0.50 during midday trading on Wednesday, hitting $113.38. 5,002,237 shares of the stock traded hands, compared to its average volume of 12,161,286. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The firm has a market capitalization of $207.97 billion, a PE ratio of 70.30, a price-to-earnings-growth ratio of 1.64 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. The business’s 50 day moving average price is $113.59 and its two-hundred day moving average price is $98.14.

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

Walt Disney Cuts Dividend

The business 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. This represents a 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 Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.