Country Club Bank Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Country Club Bank reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,004 shares of the entertainment giant’s stock after selling 3,456 shares during the quarter. Walt Disney accounts for about 0.9% of Country Club Bank’s investment portfolio, making the stock its 29th largest holding. Country Club Bank’s holdings in Walt Disney were worth $12,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after buying an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. Legal & General Group Plc boosted its holdings in Walt Disney by 3.1% in the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after purchasing an additional 425,438 shares during the period. Jennison Associates LLC bought a new stake in Walt Disney during the first quarter valued at $1,490,492,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Walt Disney by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after purchasing an additional 293,482 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DIS. UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler started coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Evercore ISI cut their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Macquarie lowered their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Finally, Wells Fargo & Company cut their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Down 0.4 %

Shares of DIS stock opened at $95.03 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market cap of $173.24 billion, a PE ratio of 103.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The business’s fifty day moving average is $92.61 and its 200-day moving average is $98.26. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. Equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

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.