InTrack Investment Management Inc Sells 3,554 Shares of The Walt Disney Company (NYSE:DIS)

by · The Cerbat Gem

InTrack Investment Management Inc cut its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 41.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,950 shares of the entertainment giant’s stock after selling 3,554 shares during the period. InTrack Investment Management Inc’s holdings in Walt Disney were worth $401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC increased its holdings in Walt Disney by 6.1% in the second quarter. Advisors Capital Management LLC now owns 346,034 shares of the entertainment giant’s stock valued at $30,894,000 after purchasing an additional 19,882 shares during the period. Silvia Mccoll Wealth Management LLC boosted its position in shares of Walt Disney by 4.2% during the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock worth $361,000 after purchasing an additional 164 shares in the last quarter. Summit Trail Advisors LLC boosted its position in shares of Walt Disney by 7.4% during the 2nd quarter. Summit Trail Advisors LLC now owns 11,105 shares of the entertainment giant’s stock worth $991,000 after purchasing an additional 767 shares in the last quarter. DCM Advisors LLC boosted its position in shares of Walt Disney by 0.3% during the 2nd quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock worth $6,604,000 after purchasing an additional 198 shares in the last quarter. Finally, First Financial Bank Trust Division boosted its position in shares of Walt Disney by 28.4% during the 3rd quarter. First Financial Bank Trust Division now owns 89,475 shares of the entertainment giant’s stock worth $7,252,000 after purchasing an additional 19,779 shares in the last quarter. 61.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Brent Woodford sold 18,788 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.99, for a total transaction of $1,747,096.12. Following the sale, the executive vice president now owns 33,586 shares in the company, valued at $3,123,162.14. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Amy Chang bought 1,078 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of $92.69 per share, for a total transaction of $99,919.82. Following the completion of the acquisition, the director now owns 6,216 shares of the company’s stock, valued at approximately $576,161.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 18,788 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.99, for a total transaction of $1,747,096.12. Following the completion of the sale, the executive vice president now owns 33,586 shares in the company, valued at approximately $3,123,162.14. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.1 %

NYSE:DIS opened at $90.29 on Friday. The company’s 50 day moving average price is $89.80 and its 200-day moving average price is $87.18. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $118.18. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a market cap of $165.26 billion, a price-to-earnings ratio of 70.54, a PEG ratio of 1.67 and a beta of 1.31.

Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The entertainment giant reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. Walt Disney had a net margin of 2.65% and a return on equity of 7.31%. The firm had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $21.37 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 4.38 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is 23.44%.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Raymond James raised their price target on shares of Walt Disney from $93.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research report on Wednesday, September 20th. Rosenblatt Securities dropped their price target on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Truist Financial reiterated a “buy” rating and issued a $105.00 price objective on shares of Walt Disney in a research note on Tuesday, September 19th. Finally, Wells Fargo & Company increased their price objective on shares of Walt Disney from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.40.

View Our Latest Stock Report on DIS

Walt Disney Company Profile

(Free Report)

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.

See Also

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