The Walt Disney Company $DIS Position Lessened by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,174 shares of the entertainment giant’s stock after selling 469 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Walt Disney were worth $890,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney in the 2nd quarter worth $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Walt Disney by 9.7% in the 1st 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 worth $1,826,930,000 after buying an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after buying an additional 717,066 shares in the last quarter. Finally, Amundi grew its holdings in shares of Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after acquiring an additional 1,520,513 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.1%

Shares of DIS stock opened at $113.00 on Thursday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. 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 company has a market capitalization of $203.16 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.50 and a beta of 1.54. The stock’s 50 day simple moving average is $114.78 and its 200 day simple moving average is $111.22.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DIS shares. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.