MassMutual Private Wealth & Trust FSB Sells 7,078 Shares of The Walt Disney Company (NYSE:DIS)

MassMutual Private Wealth & Trust FSB reduced its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,370 shares of the entertainment giant's stock after selling 7,078 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Walt Disney were worth $11,956,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. Edgestream Partners L.P. increased its holdings in Walt Disney by 67.3% in the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant's stock valued at $644,000 after buying an additional 2,610 shares during the period. Pacer Advisors Inc. increased its stake in Walt Disney by 4.7% in the second quarter. Pacer Advisors Inc. now owns 129,687 shares of the entertainment giant's stock valued at $12,877,000 after acquiring an additional 5,772 shares during the period. Sei Investments Co. raised its position in Walt Disney by 7.8% in the second quarter. Sei Investments Co. now owns 642,126 shares of the entertainment giant's stock worth $63,760,000 after purchasing an additional 46,620 shares in the last quarter. Merriman Wealth Management LLC lifted its stake in Walt Disney by 4.2% during the second quarter. Merriman Wealth Management LLC now owns 3,181 shares of the entertainment giant's stock worth $316,000 after purchasing an additional 129 shares during the period. Finally, Profund Advisors LLC lifted its stake in Walt Disney by 10.1% during the second quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant's stock worth $2,235,000 after purchasing an additional 2,067 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

NYSE:DIS traded up $0.61 on Monday, hitting $107.07. The company's stock had a trading volume of 7,103,097 shares, compared to its average volume of 6,534,095. The stock has a fifty day moving average of $112.08 and a two-hundred day moving average of $99.70. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The firm has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the prior year, the business earned $0.82 EPS. Walt Disney's quarterly revenue was up 6.3% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a dividend 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%.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company's stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 completion of the transaction, the executive vice president now directly owns 44,055 shares of the company's stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Macquarie reiterated a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Loop Capital increased their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price for the company. Finally, Bank of America lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $125.54.

About Walt Disney

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.