The Walt Disney Company (NYSE:DIS) Holdings Lowered by NBT Bank N A NY

NBT Bank N A NY trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,110 shares of the entertainment giant’s stock after selling 865 shares during the period. NBT Bank N A NY’s holdings in Walt Disney were worth $7,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. ESL Trust Services LLC purchased a new stake in shares of Walt Disney during the 1st quarter worth about $31,000. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $33,000. Red Tortoise LLC increased its holdings in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the period. Finally, PFG Private Wealth Management LLC increased its stake in Walt Disney by 32.1% in the first quarter. PFG Private Wealth Management LLC now owns 412 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Loop Capital reduced their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group started coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Wells Fargo & Company decreased their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Tuesday, May 21st. Finally, UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

DIS opened at $90.38 on Friday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a 50-day moving average of $93.23 and a 200 day moving average of $103.99. 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 firm has a market cap of $163.91 billion, a P/E ratio of 98.24, a PEG ratio of 1.34 and a beta of 1.40.

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

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.