Washington Trust Bank Buys 12,803 Shares of The Walt Disney Company $DIS

Washington Trust Bank boosted its position in The Walt Disney Company (NYSE:DIS) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,383 shares of the entertainment giant’s stock after buying an additional 12,803 shares during the period. Walt Disney makes up approximately 1.5% of Washington Trust Bank’s portfolio, making the stock its 21st biggest position. Washington Trust Bank’s holdings in Walt Disney were worth $17,533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DIS. Vanguard Group Inc. increased its stake in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the 2nd quarter valued at $4,220,599,000. Jennison Associates LLC grew its stake in shares of Walt Disney by 9.4% in the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock worth $2,564,145,000 after acquiring an additional 1,774,772 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. Finally, Amundi lifted its position in shares of Walt Disney by 11.4% during the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock valued at $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. UBS Group boosted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Morgan Stanley raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research report on Friday, October 17th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Price Performance

NYSE:DIS opened at $111.39 on Thursday. The firm has a market capitalization of $200.27 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a fifty day moving average of $113.75 and a 200 day moving average of $113.45.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. On average, research analysts expect that The Walt Disney Company will post 5.47 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.