M&T Bank Corp Sells 5,316 Shares of The Walt Disney Company (NYSE:DIS)

M&T Bank Corp lessened its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 933,326 shares of the entertainment giant's stock after selling 5,316 shares during the period. M&T Bank Corp owned about 0.05% of Walt Disney worth $89,776,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DIS. Smithfield Trust Co boosted its holdings in shares of Walt Disney by 0.5% in the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant's stock worth $1,809,000 after buying an additional 102 shares during the last quarter. Drucker Wealth 3.0 LLC raised its position in Walt Disney by 0.9% in the third quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant's stock worth $1,121,000 after acquiring an additional 106 shares during the period. Connable Office Inc. boosted its stake in Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant's stock valued at $3,371,000 after acquiring an additional 108 shares during the last quarter. Cozad Asset Management Inc. grew its position in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant's stock valued at $579,000 after acquiring an additional 110 shares during the period. Finally, Absher Wealth Management LLC increased its stake in shares of Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant's stock worth $1,360,000 after purchasing an additional 111 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on DIS shares. Needham & Company LLC upped their price objective on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Loop Capital increased their price target on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Guggenheim boosted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Bank of America increased their target price 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. Finally, Sanford C. Bernstein boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $123.58.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 of the company's stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction 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 that occurred on 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 in the company, valued at $25,980,695.19. This represents 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 have sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.10% of the company's stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $112.03 on Friday. 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 52-week low of $83.91 and a 52-week high of $123.74. The company has a fifty day moving average of $106.57 and a 200-day moving average of $98.48. The stock has a market capitalization of $202.88 billion, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.42.

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

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a $0.50 dividend. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is currently 36.90%.

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.