Cullen Frost Bankers Inc. Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Cullen Frost Bankers Inc. increased its position in The Walt Disney Company (NYSE:DIS) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 233,672 shares of the entertainment giant’s stock after acquiring an additional 11,995 shares during the period. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $23,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sivia Capital Partners LLC grew its stake in shares of Walt Disney by 8.4% in the second quarter. Sivia Capital Partners LLC now owns 3,658 shares of the entertainment giant’s stock worth $363,000 after acquiring an additional 285 shares during the last quarter. Savant Capital LLC grew its position in shares of Walt Disney by 8.4% in the 2nd quarter. Savant Capital LLC now owns 51,114 shares of the entertainment giant’s stock valued at $5,075,000 after purchasing an additional 3,969 shares during the period. North Star Asset Management Inc. grew its position in shares of Walt Disney by 3.0% in the 2nd quarter. North Star Asset Management Inc. now owns 115,460 shares of the entertainment giant’s stock valued at $11,464,000 after purchasing an additional 3,347 shares during the period. Private Advisor Group LLC lifted its stake in Walt Disney by 5.1% in the 2nd quarter. Private Advisor Group LLC now owns 265,365 shares of the entertainment giant’s stock valued at $26,348,000 after acquiring an additional 12,801 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Walt Disney by 0.4% in the 2nd quarter. New York Life Investment Management LLC now owns 278,098 shares of the entertainment giant’s stock valued at $27,612,000 after acquiring an additional 1,214 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

Walt Disney Trading Down 0.8 %

Walt Disney stock traded down $0.71 during trading on Friday, hitting $87.94. The company had a trading volume of 7,791,503 shares, compared to its average volume of 11,356,279. The company’s 50 day simple moving average is $91.98 and its 200-day simple moving average is $103.26. The stock has a market cap of $160.32 billion, a price-to-earnings ratio of 95.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America reduced their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group started coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company dropped their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.95.

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.