Piscataqua Savings Bank Sells 325 Shares of The Walt Disney Company (NYSE:DIS)

Piscataqua Savings Bank reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 3.6% in the fourth quarter, Holdings Channel reports. The fund owned 8,676 shares of the entertainment giant’s stock after selling 325 shares during the quarter. Piscataqua Savings Bank’s holdings in Walt Disney were worth $966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ascent Group LLC lifted its holdings in shares of Walt Disney by 16.3% in the 2nd quarter. Ascent Group LLC now owns 29,848 shares of the entertainment giant’s stock valued at $2,964,000 after acquiring an additional 4,176 shares during the last quarter. Annandale Capital LLC raised its position in Walt Disney by 86.9% during the second quarter. Annandale Capital LLC now owns 68,148 shares of the entertainment giant’s stock valued at $6,766,000 after purchasing an additional 31,679 shares during the period. Full Sail Capital LLC lifted its stake in shares of Walt Disney by 56.6% in the 2nd quarter. Full Sail Capital LLC now owns 2,724 shares of the entertainment giant’s stock valued at $270,000 after purchasing an additional 985 shares during the last quarter. Doheny Asset Management CA purchased a new position in shares of Walt Disney in the 2nd quarter worth approximately $1,933,000. Finally, Copperwynd Financial LLC raised its holdings in Walt Disney by 12.2% during the 2nd quarter. Copperwynd Financial LLC now owns 6,383 shares of the entertainment giant’s stock valued at $598,000 after buying an additional 694 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. Jefferies Financial Group started coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Morgan Stanley upped their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.52.

Walt Disney Price Performance

DIS opened at $112.25 on Monday. The firm has a market capitalization of $203.28 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. 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’s 50-day moving average is $112.46 and its two-hundred day moving average is $100.11. 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 posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. Walt Disney’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. Research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

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.