UMB Bank n.a. Reduces Stake in The Walt Disney Company (NYSE:DIS)

UMB Bank n.a. lessened its position in The Walt Disney Company (NYSE:DIS - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,038 shares of the entertainment giant's stock after selling 10,315 shares during the quarter. UMB Bank n.a.'s holdings in Walt Disney were worth $5,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DIS. Edgestream Partners L.P. boosted its position in shares of Walt Disney by 67.3% in the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant's stock worth $644,000 after purchasing an additional 2,610 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Walt Disney by 4.7% in the second quarter. Pacer Advisors Inc. now owns 129,687 shares of the entertainment giant's stock worth $12,877,000 after acquiring an additional 5,772 shares in the last quarter. Sei Investments Co. boosted its holdings 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 acquiring an additional 46,620 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of Walt Disney by 10.1% during the second quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant's stock valued at $2,235,000 after acquiring an additional 2,067 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Walt Disney by 9.0% in the 2nd quarter. ProShare Advisors LLC now owns 354,880 shares of the entertainment giant's stock worth $35,236,000 after purchasing an additional 29,433 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

NYSE DIS traded up $1.70 on Tuesday, reaching $108.72. 8,632,767 shares of the stock were exchanged, compared to its average volume of 7,000,367. The firm has a market capitalization of $196.89 billion, a PE ratio of 40.12, a PEG ratio of 1.91 and a beta of 1.43. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company's 50-day simple moving average is $112.20 and its two-hundred day simple moving average is $99.76. 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 data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company's revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. Analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction 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. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Bank of America boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Macquarie reiterated a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Finally, Piper Sandler started coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price target for the company. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.54.

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.