MassMutual Private Wealth & Trust FSB Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

MassMutual Private Wealth & Trust FSB reduced its position in The Walt Disney Company (NYSE:DIS) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,370 shares of the entertainment giant’s stock after selling 7,078 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Walt Disney were worth $11,956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney in the second quarter worth $32,000. Friedenthal Financial bought a new position in Walt Disney in the 4th quarter worth about $49,000. First PREMIER Bank raised its holdings in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Walt Disney during the third quarter worth about $51,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Loop Capital lifted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Rosenblatt Securities increased their target price on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Sanford C. Bernstein lifted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Trading Up 0.6 %

DIS opened at $107.07 on Monday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. 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 business has a 50 day simple moving average of $112.08 and a two-hundred day simple moving average of $99.69. The firm has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43.

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

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is presently 36.90%.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on 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 in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last 90 days. 0.10% of the stock is owned by company insiders.

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.