The Walt Disney Company $DIS Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,506 shares of the entertainment giant’s stock after selling 4,531 shares during the quarter. First Financial Bank Trust Division’s holdings in Walt Disney were worth $7,844,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DIS. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in Walt Disney in the second quarter valued at $37,000. Total Investment Management Inc. acquired a new position in shares of Walt Disney during the second quarter valued at $37,000. Howard Hughes Medical Institute bought a new position in shares of Walt Disney during the second quarter worth about $48,000. Finally, RMG Wealth Management LLC bought a new position in shares of Walt Disney during the second quarter worth about $49,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DIS shares. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research report on Friday, October 17th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Monday, December 8th. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, UBS Group reaffirmed a “buy” rating and set a $138.00 target price on shares of Walt Disney in a research note on Friday, November 14th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Price Performance

NYSE:DIS opened at $111.52 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $109.24 and its 200 day moving average price is $114.63. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a market cap of $199.10 billion, a P/E ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating the consensus estimate of $1.03 by $0.08. The business had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 earnings per share. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 14.58%.

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.