Morton Community Bank Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Morton Community Bank boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,405 shares of the entertainment giant’s stock after purchasing an additional 185 shares during the quarter. Morton Community Bank’s holdings in Walt Disney were worth $2,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meriwether Wealth & Planning LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $355,000. Objectivity Squared LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $206,000. Daiwa Securities Group Inc. grew its position in shares of Walt Disney by 3.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 318,128 shares of the entertainment giant’s stock worth $35,424,000 after acquiring an additional 12,068 shares in the last quarter. Main Street Research LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $205,000. Finally, Hoya Capital Real Estate LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $223,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group boosted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Up 0.1 %

DIS opened at $105.58 on Monday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock’s fifty day moving average is $110.30 and its 200-day moving average is $104.16. The company has a market capitalization of $190.87 billion, a PE ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.