First Citizens Bank & Trust Co. Sells 5,585 Shares of The Walt Disney Company (NYSE:DIS)

First Citizens Bank & Trust Co. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,631 shares of the entertainment giant’s stock after selling 5,585 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Walt Disney were worth $3,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. Moody Lynn & Lieberson LLC boosted its position in Walt Disney by 2.3% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 9,777 shares of the entertainment giant’s stock worth $1,089,000 after buying an additional 221 shares during the period. Patton Albertson Miller Group LLC boosted its position in Walt Disney by 7.8% during the 4th quarter. Patton Albertson Miller Group LLC now owns 52,865 shares of the entertainment giant’s stock worth $5,887,000 after buying an additional 3,827 shares during the period. Jacksonville Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $650,000. Insight Inv LLC boosted its position in Walt Disney by 8.6% during the 4th quarter. Insight Inv LLC now owns 18,757 shares of the entertainment giant’s stock worth $2,089,000 after buying an additional 1,491 shares during the period. Finally, Toth Financial Advisory Corp boosted its position in Walt Disney by 8.0% during the 4th quarter. Toth Financial Advisory Corp now owns 62,852 shares of the entertainment giant’s stock worth $6,999,000 after buying an additional 4,642 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value 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 represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $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 have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last three months. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Citigroup restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Wednesday. Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Stock Performance

NYSE DIS opened at $112.25 on Friday. The company has a fifty day moving average price of $112.46 and a 200-day moving average price of $100.07. 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 firm has a market cap of $203.28 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

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

Walt Disney Increases Dividend

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

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.