Central Pacific Bank Trust Division Has $2.17 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Central Pacific Bank Trust Division grew its position in The Walt Disney Company (NYSE:DIS) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,447 shares of the entertainment giant’s stock after acquiring an additional 1,517 shares during the period. Central Pacific Bank Trust Division’s holdings in Walt Disney were worth $2,165,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the second quarter worth $32,000. Mascoma Wealth Management LLC lifted its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the period. First PREMIER Bank grew its stake in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Walt Disney in the 3rd quarter valued at $51,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walt Disney during the 3rd quarter valued at $57,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly 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. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 in the last 90 days. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.3 %

DIS traded up $0.28 during trading on Friday, hitting $111.10. 2,473,935 shares of the stock were exchanged, compared to its average volume of 4,044,477. 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 firm has a 50 day simple moving average of $109.37 and a 200 day simple moving average of $99.10. The firm has a market cap of $201.20 billion, a price-to-earnings ratio of 41.00, a P/E/G ratio of 2.05 and a beta of 1.42. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last posted its 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 the consensus estimate of $22.49 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 16th. This represents a 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 presently 36.90%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DIS shares. Macquarie boosted their price objective on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Wells Fargo & Company raised their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Finally, Guggenheim upped their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $123.58.

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.