The Walt Disney Company (NYSE:DIS) Shares Sold by HM Payson & Co.

HM Payson & Co. reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,394 shares of the entertainment giant’s stock after selling 308 shares during the quarter. HM Payson & Co.’s holdings in Walt Disney were worth $2,494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB grew its position in Walt Disney by 11.0% during the 4th quarter. AMF Tjanstepension AB now owns 286,837 shares of the entertainment giant’s stock worth $31,952,000 after purchasing an additional 28,453 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Walt Disney during the 4th quarter worth $9,733,000. Camden National Bank purchased a new position in Walt Disney during the 4th quarter worth $389,000. Bank Julius Baer & Co. Ltd Zurich grew its position in Walt Disney by 6.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,288,686 shares of the entertainment giant’s stock worth $153,935,000 after purchasing an additional 75,992 shares during the last quarter. Finally, Oak Hill Wealth Advisors LLC grew its position in Walt Disney by 209.3% during the 4th quarter. Oak Hill Wealth Advisors LLC now owns 2,942 shares of the entertainment giant’s stock worth $328,000 after purchasing an additional 5,634 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS opened at $105.58 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $190.87 billion, a P/E ratio of 34.39, a PEG ratio of 1.80 and a beta of 1.41. The company has a 50-day moving average of $110.30 and a two-hundred day moving average of $104.05. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on DIS shares. Needham & Company LLC reissued a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Sanford C. Bernstein raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Citigroup reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

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.