City Holding Co. Has $3.72 Million Stake in The Walt Disney Company (NYSE:DIS)

City Holding Co. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,370 shares of the entertainment giant's stock after selling 20,250 shares during the period. City Holding Co.'s holdings in Walt Disney were worth $3,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its stake in Walt Disney by 0.6% in the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock valued at $7,463,978,000 after buying an additional 490,681 shares during the period. Geode Capital Management LLC raised its holdings in shares of Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock worth $3,609,833,000 after acquiring an additional 1,393,082 shares in the last quarter. FMR LLC boosted its position in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Legal & General Group Plc grew its stake in Walt Disney by 3.1% in the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock valued at $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Walt Disney by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant's stock worth $1,332,297,000 after purchasing an additional 454,678 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on DIS shares. Evercore ISI boosted their price target on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Raymond James reiterated a "market perform" rating on shares of Walt Disney in a report on Tuesday, October 1st. Macquarie restated a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Finally, 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 on the stock. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.54.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the firm's 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $0.61 during midday trading on Monday, reaching $107.07. 7,103,097 shares of the company's stock were exchanged, compared to its average volume of 6,534,095. The firm has a market capitalization of $193.90 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company's 50 day simple moving average is $112.08 and its two-hundred day simple moving average is $99.70.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS 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 business had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter last year, the company earned $0.82 EPS. Walt Disney's revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. This is a boost from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's dividend payout ratio (DPR) is 36.90%.

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.