Crews Bank & Trust Makes New $858,000 Investment in The Walt Disney Company (NYSE:DIS)

Crews Bank & Trust bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,709 shares of the entertainment giant's stock, valued at approximately $858,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Walt Disney by 0.6% during 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 purchasing an additional 490,681 shares in the last quarter. Geode Capital Management LLC grew its position in Walt Disney by 3.8% in 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 buying an additional 1,393,082 shares during the last quarter. FMR LLC increased its holdings in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after buying an additional 2,765,389 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 valued at $1,332,297,000 after acquiring an additional 454,678 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Walt Disney by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock worth $1,001,454,000 after acquiring an additional 114,701 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Piper Sandler started coverage on Walt Disney in a research report on Wednesday, October 16th. They set a "neutral" rating and a $95.00 target price on the stock. Evercore ISI boosted their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Macquarie reissued a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Finally, Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price target for the company. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.52.

Walt Disney Stock Up 0.1 %

Shares of Walt Disney stock traded up $0.11 during midday trading on Thursday, reaching $113.30. 6,232,387 shares of the company's stock traded hands, compared to its average volume of 7,328,960. The company has a market cap of $205.18 billion, a price-to-earnings ratio of 41.81, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company's 50 day simple moving average is $112.43 and its 200 day simple moving average is $100.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $22.49 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. Equities 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 declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney's dividend payout ratio (DPR) is currently 36.90%.

Insider Transactions at Walt Disney

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

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.