American National Bank Sells 36,137 Shares of The Walt Disney Company (NYSE:DIS)

18 Dec 2023, 17:28 by Tristan Rich · The Markets Daily

American National Bank trimmed its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 76.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,296 shares of the entertainment giant’s stock after selling 36,137 shares during the quarter. American National Bank’s holdings in Walt Disney were worth $916,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Walt Disney by 102,919.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock valued at $40,939,886,000 after acquiring an additional 458,110,957 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after acquiring an additional 23,644,765 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter valued at about $1,433,075,000. Providence Capital Advisors LLC boosted its position in shares of Walt Disney by 11,064.4% in the first quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock valued at $109,679,000 after acquiring an additional 10,883,859 shares during the period. Finally, Trian Fund Management L.P. bought a new stake in shares of Walt Disney in the fourth quarter valued at about $784,509,000. 61.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DIS shares. Wells Fargo & Company boosted their target price on shares of Walt Disney from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. reduced their target price on shares of Walt Disney from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, October 10th. Bank of America dropped their price target on Walt Disney from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, September 20th. Truist Financial reaffirmed a “buy” rating and issued a $105.00 price target on shares of Walt Disney in a research note on Tuesday, September 19th. Finally, Credit Suisse Group dropped their price target on Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.95.

Get Our Latest Analysis on Walt Disney

Insider Buying and Selling at Walt Disney

In other news, Director Amy Chang bought 1,078 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was acquired at an average price of $92.69 per share, with a total value of $99,919.82. Following the transaction, the director now owns 6,216 shares of the company’s stock, valued at approximately $576,161.04. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.5 %

Shares of NYSE DIS opened at $93.46 on Monday. The company has a 50 day simple moving average of $88.43 and a 200 day simple moving average of $87.13. The firm has a market cap of $171.06 billion, a PE ratio of 73.02, a price-to-earnings-growth ratio of 1.71 and a beta of 1.31. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $118.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.05 and a quick ratio of 0.99.

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

Walt Disney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio is presently 23.44%.

Walt Disney 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.