City State Bank Grows Position in The Walt Disney Company (NYSE:DIS)

City State Bank raised its position in The Walt Disney Company (NYSE:DIS) by 51.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,896 shares of the entertainment giant’s stock after acquiring an additional 983 shares during the quarter. City State Bank’s holdings in Walt Disney were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DIS. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the first quarter worth approximately $1,490,492,000. Capital World Investors lifted its position in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the last quarter. Swedbank AB purchased a new stake in shares of Walt Disney in the 1st quarter valued at about $493,715,000. Farallon Capital Management LLC acquired a new stake in shares of Walt Disney in the second quarter valued at approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Walt Disney during the 1st quarter worth $425,567,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several analyst reports. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Thursday, September 26th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America dropped their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.20.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $94.13 on Friday. The firm has a market cap of $171.60 billion, a price-to-earnings ratio of 102.32, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average is $90.85 and its two-hundred day moving average is $99.80.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates 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 was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. 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.