Private Trust Co. NA Grows Stake in The Walt Disney Company (NYSE:DIS)

Private Trust Co. NA increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,319 shares of the entertainment giant’s stock after purchasing an additional 567 shares during the quarter. Private Trust Co. NA’s holdings in Walt Disney were worth $1,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $27,000. Kessler Investment Group LLC boosted its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney during the fourth quarter worth about $32,000. Copia Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter worth about $36,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at about $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.8%

NYSE:DIS opened at $123.98 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a fifty day moving average price of $111.19 and a two-hundred day moving average price of $106.29. The stock has a market capitalization of $222.88 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.80 and a beta of 1.56.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on DIS shares. Jefferies Financial Group upgraded Walt Disney from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $144.00 in a research note on Monday. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Guggenheim upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.83.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

About Walt Disney

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.