First National Trust Co Sells 2,354 Shares of The Walt Disney Company (NYSE:DIS)

First National Trust Co cut its position in The Walt Disney Company (NYSE:DIS) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,814 shares of the entertainment giant’s stock after selling 2,354 shares during the period. First National Trust Co’s holdings in Walt Disney were worth $2,002,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new position in Walt Disney in the first quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the second quarter worth about $32,000. Mascoma Wealth Management LLC lifted its holdings in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank increased its stake in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC raised its holdings in Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares during the period. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIS has been the subject of several research reports. Loop Capital lowered their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. Macquarie cut their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Morgan Stanley cut their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.14.

Walt Disney Price Performance

NYSE:DIS opened at $101.02 on Wednesday. The firm’s fifty day moving average price is $94.11 and its two-hundred day moving average price is $96.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $183.21 billion, a P/E ratio of 38.85, a P/E/G ratio of 1.58 and a beta of 1.40. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

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.