The Walt Disney Company (NYSE:DIS) Shares Sold by City State Bank

City State Bank decreased its position in The Walt Disney Company (NYSE:DIS) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,913 shares of the entertainment giant’s stock after selling 231 shares during the quarter. City State Bank’s holdings in Walt Disney were worth $190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Walt Disney by 1.5% in the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after acquiring an additional 2,325,582 shares in the last quarter. Norges Bank purchased a new position in Walt Disney during the fourth quarter worth about $1,938,647,000. Jennison Associates LLC purchased a new position in Walt Disney during the first quarter worth about $1,490,492,000. Price T Rowe Associates Inc. MD increased its holdings in Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after buying an additional 293,482 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Walt Disney by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after buying an additional 211,397 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Macquarie raised their target price on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Barclays dropped their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Loop Capital dropped 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 note on Tuesday, July 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $127.08.

Insider Activity at Walt Disney

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

Walt Disney Stock Up 2.5 %

Walt Disney stock traded up $2.19 during trading hours on Tuesday, hitting $89.97. The company had a trading volume of 21,682,698 shares, compared to its average volume of 11,456,022. The firm has a market capitalization of $164.02 billion, a P/E ratio of 97.67, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm’s fifty day moving average is $98.12 and its 200-day moving average is $105.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the business posted $0.93 EPS. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current 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.