Trust Co of the South Makes New $271,000 Investment in The Walt Disney Company (NYSE:DIS)

Trust Co of the South acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,001 shares of the entertainment giant’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC boosted its stake in shares of Walt Disney by 50.3% during the 4th quarter. Schechter Investment Advisors LLC now owns 13,858 shares of the entertainment giant’s stock valued at $1,251,000 after buying an additional 4,635 shares during the period. Tectonic Advisors LLC boosted its stake in shares of Walt Disney by 8.6% during the 4th quarter. Tectonic Advisors LLC now owns 11,215 shares of the entertainment giant’s stock valued at $1,013,000 after buying an additional 884 shares during the period. Bar Harbor Wealth Management boosted its stake in shares of Walt Disney by 4.9% during the 4th quarter. Bar Harbor Wealth Management now owns 43,322 shares of the entertainment giant’s stock valued at $3,912,000 after buying an additional 2,025 shares during the period. AHL Investment Management Inc. acquired a new stake in shares of Walt Disney during the 4th quarter valued at $203,000. Finally, Vision Capital Management Inc. boosted its stake in shares of Walt Disney by 0.5% during the 4th quarter. Vision Capital Management Inc. now owns 58,355 shares of the entertainment giant’s stock valued at $5,269,000 after buying an additional 263 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the business’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 $167,694.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Tigress Financial reissued a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Rosenblatt Securities cut their target price on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. Finally, Raymond James boosted their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $116.64.

Walt Disney Price Performance

NYSE DIS traded up $1.31 on Wednesday, reaching $121.24. The company’s stock had a trading volume of 2,032,408 shares, compared to its average volume of 12,379,007. The firm has a market cap of $222.39 billion, a PE ratio of 74.05, a price-to-earnings-growth ratio of 1.85 and a beta of 1.41. The business has a 50-day moving average price of $106.12 and a 200 day moving average price of $94.07. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $122.03. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 4.62 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Walt Disney Profile

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.