1ST Source Bank Has $4.28 Million Stock Position in The Walt Disney Company (NYSE:DIS)

1ST Source Bank reduced its stake in The Walt Disney Company (NYSE:DISFree Report) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,779 shares of the entertainment giant’s stock after selling 3,138 shares during the period. 1ST Source Bank’s holdings in Walt Disney were worth $4,278,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DIS. Moneta Group Investment Advisors LLC raised its position in Walt Disney by 109,924.5% during 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 purchasing an additional 23,644,765 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter valued at about $1,433,075,000. Trian Fund Management L.P. bought a new position in shares of Walt Disney during the fourth quarter valued at about $784,509,000. Morgan Stanley grew its stake in shares of Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after purchasing an additional 5,499,014 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Walt Disney in the third quarter worth about $326,171,000. 61.17% of the stock is owned by institutional investors.

Walt Disney Stock Performance

DIS traded up $2.08 during mid-day trading on Monday, reaching $110.47. 7,847,012 shares of the company traded hands, compared to its average volume of 14,390,882. The stock has a market capitalization of $202.64 billion, a P/E ratio of 66.91, a P/E/G ratio of 1.80 and a beta of 1.39. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $93.44 and its 200-day moving average price is $88.33. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $112.77.

Walt Disney (NYSE:DISGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, sell-side analysts expect that The Walt Disney Company will post 4.63 EPS 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. Shareholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is currently 18.52%.

Insiders Place Their Bets

In other Walt Disney news, Director Amy Chang bought 1,078 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were purchased at an average cost of $92.69 per share, for a total transaction of $99,919.82. Following the transaction, the director now owns 6,216 shares of the company’s stock, valued at $576,161.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the transaction, the executive vice president now directly owns 1,861 shares in the company, valued at approximately $167,694.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy Chang acquired 1,078 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $92.69 per share, for a total transaction of $99,919.82. Following the completion of the purchase, the director now owns 6,216 shares of the company’s stock, valued at approximately $576,161.04. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group cut their target price on Walt Disney from $122.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, October 16th. Barclays raised their target price on Walt Disney from $88.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group cut their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Finally, Rosenblatt Securities cut their price objective on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

View Our Latest Stock Analysis on Walt Disney

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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