Emprise Bank Has $260,000 Stake in The Walt Disney Company (NYSE:DIS)

Emprise Bank decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,335 shares of the entertainment giant’s stock after selling 113 shares during the quarter. Emprise Bank’s holdings in Walt Disney were worth $260,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DIS. Brookstone Capital Management increased its stake in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares during the period. City State Bank increased its stake in shares of Walt Disney by 5.0% in the fourth quarter. City State Bank now owns 3,040 shares of the entertainment giant’s stock valued at $339,000 after buying an additional 144 shares during the period. Fiduciary Alliance LLC increased its stake in shares of Walt Disney by 1.2% in the fourth quarter. Fiduciary Alliance LLC now owns 52,108 shares of the entertainment giant’s stock valued at $5,802,000 after buying an additional 643 shares during the period. Winthrop Advisory Group LLC increased its stake in shares of Walt Disney by 1.8% in the fourth quarter. Winthrop Advisory Group LLC now owns 14,418 shares of the entertainment giant’s stock valued at $1,605,000 after buying an additional 253 shares during the period. Finally, Aprio Wealth Management LLC increased its stake in shares of Walt Disney by 2.7% in the fourth quarter. Aprio Wealth Management LLC now owns 10,672 shares of the entertainment giant’s stock valued at $1,188,000 after buying an additional 279 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein upped their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Morgan Stanley upped their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America upped their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.54.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $1.52 during trading hours on Monday, hitting $107.13. 1,898,457 shares of the company’s stock traded hands, compared to its average volume of 6,221,460. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock has a market capitalization of $194.01 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 2.03 and a beta of 1.43. The company has a fifty day simple moving average of $111.11 and a 200-day simple moving average of $99.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 in the last quarter. 0.10% of the stock is owned by company insiders.

Walt Disney Company 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.