Fulton Bank N.A. Sells 3,576 Shares of The Walt Disney Company (NYSE:DIS)

Fulton Bank N.A. cut its holdings in The Walt Disney Company (NYSE:DIS) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,506 shares of the entertainment giant’s stock after selling 3,576 shares during the quarter. Fulton Bank N.A.’s holdings in Walt Disney were worth $5,847,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC increased its stake in Walt Disney by 7,637.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 225,788 shares of the entertainment giant’s stock worth $224,000 after purchasing an additional 222,870 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Walt Disney by 132.1% during the second quarter. Acadian Asset Management LLC now owns 50,978 shares of the entertainment giant’s stock worth $5,060,000 after acquiring an additional 29,010 shares during the period. Quest Partners LLC lifted its position in Walt Disney by 36,460.0% in the 2nd quarter. Quest Partners LLC now owns 3,656 shares of the entertainment giant’s stock valued at $363,000 after acquiring an additional 3,646 shares in the last quarter. Liberty Wealth Management LLC boosted its stake in Walt Disney by 142.4% in the 2nd quarter. Liberty Wealth Management LLC now owns 16,885 shares of the entertainment giant’s stock worth $1,677,000 after purchasing an additional 9,918 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in Walt Disney by 1.6% during the 2nd quarter. Royal London Asset Management Ltd. now owns 760,620 shares of the entertainment giant’s stock worth $75,522,000 after purchasing an additional 11,796 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, 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 ownership of the stock. 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 ninety days. 0.10% of the stock is owned by insiders.

Walt Disney Stock Performance

Walt Disney stock traded down $2.09 during midday trading on Wednesday, hitting $109.30. The company’s stock had a trading volume of 3,432,684 shares, compared to its average volume of 5,679,429. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a 50-day moving average price of $110.29 and a two-hundred day moving average price of $99.28. The company has a market cap of $197.94 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.05 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. Walt Disney’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date is Monday, December 16th. Walt Disney’s payout ratio is currently 36.90%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DIS. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a report on Tuesday. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Bank of America lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Company 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.