First American Trust FSB Has $4.87 Million Position in The Walt Disney Company (NYSE:DIS)

First American Trust FSB lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,894 shares of the entertainment giant's stock after selling 31,966 shares during the quarter. First American Trust FSB's holdings in Walt Disney were worth $4,866,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DIS. Planned Solutions Inc. acquired a new stake in Walt Disney in the fourth quarter valued at $26,000. Dark Forest Capital Management LP acquired a new stake in shares of Walt Disney during the 1st quarter worth about $28,000. Worth Asset Management LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth about $29,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth about $30,000. Finally, MBM Wealth Consultants LLC lifted its stake in shares of Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant's stock worth $33,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DIS shares. Argus raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Rosenblatt Securities raised their target price on shares of Walt Disney from $129.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Guggenheim raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd. UBS Group raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, March 27th. Finally, Raymond James lifted their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $124.54.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company's stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $1.06 during midday trading on Monday, hitting $112.95. 9,160,698 shares of the company traded hands, compared to its average volume of 12,303,287. The stock has a market cap of $207.18 billion, a price-to-earnings ratio of 69.77, a PEG ratio of 1.65 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm's fifty day moving average price is $112.97 and its 200-day moving average price is $97.68. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney's dividend payout ratio (DPR) is presently 55.56%.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.