VeraBank N.A. Invests $229,000 in The Walt Disney Company (NYSE:DIS)

VeraBank N.A. bought a new stake in shares of The Walt Disney Company (NYSE:DIS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,868 shares of the entertainment giant’s stock, valued at approximately $229,000.

Several other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Walt Disney in the 4th quarter valued at about $1,938,647,000. Jennison Associates LLC purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $1,490,492,000. ValueAct Holdings L.P. acquired a new stake in Walt Disney in the 4th quarter valued at approximately $459,245,000. International Assets Investment Management LLC increased its holdings in Walt Disney by 8,681.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Walt Disney by 34.8% during the fourth quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock worth $600,098,000 after purchasing an additional 1,716,259 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIS. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Rosenblatt Securities increased their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Moffett Nathanson dropped their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Raymond James increased their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Macquarie boosted their price target on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $126.44.

Insider Activity

In other news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

DIS traded down $0.08 during trading on Wednesday, hitting $96.97. The stock had a trading volume of 7,617,282 shares, compared to its average volume of 11,385,722. The firm has a market capitalization of $176.78 billion, a P/E ratio of 105.40, a PEG ratio of 1.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company’s 50-day moving average price is $102.44 and its 200 day moving average price is $104.95.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that The Walt Disney Company will post 4.75 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.