First Financial Bank Trust Division Sells 1,460 Shares of The Walt Disney Company (NYSE:DIS)

First Financial Bank Trust Division decreased its stake in The Walt Disney Company (NYSE:DIS) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,961 shares of the entertainment giant’s stock after selling 1,460 shares during the quarter. First Financial Bank Trust Division’s holdings in Walt Disney were worth $8,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cacti Asset Management LLC raised its position in shares of Walt Disney by 2.3% in the 4th quarter. Cacti Asset Management LLC now owns 544,813 shares of the entertainment giant’s stock valued at $60,365,000 after acquiring an additional 12,170 shares during the period. Copley Financial Group Inc. bought a new stake in Walt Disney in the third quarter valued at approximately $70,000. Inspire Trust Co. N.A. acquired a new stake in Walt Disney in the third quarter worth $2,597,000. Synovus Financial Corp raised its holdings in Walt Disney by 0.3% in the third quarter. Synovus Financial Corp now owns 78,401 shares of the entertainment giant’s stock worth $7,542,000 after purchasing an additional 249 shares during the period. Finally, PVG Asset Management Corp bought a new position in shares of Walt Disney during the third quarter worth $211,000. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, 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 completion of the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Down 0.5 %

Shares of Walt Disney stock traded down $0.53 on Thursday, reaching $110.82. 5,563,413 shares of the company were exchanged, compared to its average volume of 10,703,737. The company has a market capitalization of $200.69 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 2.05 and a beta of 1.42. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a 50-day moving average of $109.06 and a 200 day moving average of $99.01.

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

Walt Disney Increases Dividend

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

Wall Street Analysts Forecast Growth

DIS has been the topic of several research analyst reports. Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. 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 target on the stock. Macquarie boosted their price objective on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Loop Capital raised their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $123.58.

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.