Stock Yards Bank & Trust Co. Sells 8,753 Shares of The Walt Disney Company $DIS

by · The Cerbat Gem

Stock Yards Bank & Trust Co. lessened its holdings in The Walt Disney Company (NYSE:DISFree Report) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,967 shares of the entertainment giant’s stock after selling 8,753 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Walt Disney were worth $3,431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Copeland Capital Management LLC bought a new position in Walt Disney in the third quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in Walt Disney in the 2nd quarter worth $37,000. Total Investment Management Inc. purchased a new position in Walt Disney during the second quarter valued at $37,000. Finally, Navigoe LLC grew its holdings in Walt Disney by 89.2% during the third quarter. Navigoe LLC now owns 403 shares of the entertainment giant’s stock valued at $46,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Trending Headlines about Walt Disney

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Walt Disney Price Performance

Shares of NYSE:DIS opened at $110.32 on Wednesday. The firm has a market cap of $196.95 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.55 and a beta of 1.44. The firm has a fifty day moving average price of $109.89 and a 200 day moving average price of $113.63. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71.

Walt Disney (NYSE:DISGet Free Report) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The company had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same period in the previous year, the firm posted $1.14 EPS. Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is currently 21.87%.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent research reports. Phillip Securities raised Walt Disney to a “moderate buy” rating in a research note on Monday, January 12th. Jefferies Financial Group decreased their target price on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Raymond James Financial reiterated a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Citigroup reduced their price objective on shares of Walt Disney from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Nineteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $135.20.

Check Out Our Latest Research Report on DIS

About Walt Disney

(Free Report)

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

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