Burke & Herbert Bank & Trust Co. Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Burke & Herbert Bank & Trust Co. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,913 shares of the entertainment giant’s stock after selling 678 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Walt Disney were worth $2,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC raised its holdings in Walt Disney by 10.5% during the third quarter. Ballentine Partners LLC now owns 24,394 shares of the entertainment giant’s stock worth $2,346,000 after purchasing an additional 2,310 shares in the last quarter. Harbour Trust & Investment Management Co raised its position in shares of Walt Disney by 3.3% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 59,136 shares of the entertainment giant’s stock worth $5,688,000 after purchasing an additional 1,870 shares during the last quarter. Legacy Capital Group California Inc. lifted its stake in Walt Disney by 7.2% in the 3rd quarter. Legacy Capital Group California Inc. now owns 15,574 shares of the entertainment giant’s stock valued at $1,498,000 after buying an additional 1,048 shares in the last quarter. Tectonic Advisors LLC grew its holdings in Walt Disney by 13.9% during the 3rd quarter. Tectonic Advisors LLC now owns 14,433 shares of the entertainment giant’s stock valued at $1,388,000 after buying an additional 1,763 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its position in Walt Disney by 1.5% during the third quarter. Spirit of America Management Corp NY now owns 20,900 shares of the entertainment giant’s stock worth $2,010,000 after buying an additional 300 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Wells Fargo & Company decreased their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. cut their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

DIS stock traded up $1.19 during trading on Friday, reaching $96.59. 629,997 shares of the company’s stock were exchanged, compared to its average volume of 10,835,470. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $92.36 and its 200-day moving average price is $98.44. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74. The firm has a market cap of $176.09 billion, a PE ratio of 103.73, a P/E/G ratio of 1.49 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 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Walt Disney Company 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.