Sanibel Captiva Trust Company Inc. Sells 22,826 Shares of The Walt Disney Company (NYSE:DIS)

Sanibel Captiva Trust Company Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 222,708 shares of the entertainment giant's stock after selling 22,826 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Walt Disney were worth $24,799,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DIS. Integrated Investment Consultants LLC grew its holdings in shares of Walt Disney by 11.6% during the 4th quarter. Integrated Investment Consultants LLC now owns 70,653 shares of the entertainment giant's stock valued at $7,867,000 after acquiring an additional 7,360 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Walt Disney by 5.0% in the 4th quarter. Arkadios Wealth Advisors now owns 29,707 shares of the entertainment giant's stock worth $3,308,000 after purchasing an additional 1,424 shares during the last quarter. Lake Street Private Wealth LLC lifted its stake in shares of Walt Disney by 6.3% in the fourth quarter. Lake Street Private Wealth LLC now owns 6,309 shares of the entertainment giant's stock worth $703,000 after buying an additional 375 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Walt Disney during the fourth quarter valued at about $50,000. Finally, O Keefe Stevens Advisory Inc. boosted its stake in Walt Disney by 10.2% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,424 shares of the entertainment giant's stock valued at $270,000 after purchasing an additional 225 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction 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 of the company's stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction 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. This trade represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on DIS. Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Morgan Stanley raised their target price on Walt Disney from $110.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Macquarie restated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Needham & Company LLC increased their target price on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.54.

Walt Disney Trading Up 0.6 %

DIS stock traded up $0.61 during midday trading on Friday, hitting $107.07. 7,103,097 shares of the company's stock were exchanged, compared to its average volume of 6,534,095. 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 stock's fifty day moving average price is $112.08 and its 200-day moving average price is $99.67. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a market cap 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.

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, 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 firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The business's 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 fiscal year.

Walt Disney Increases Dividend

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

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.