First Bank & Trust Sells 440 Shares of The Walt Disney Company (NYSE:DIS)

First Bank & Trust lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,643 shares of the entertainment giant’s stock after selling 440 shares during the period. First Bank & Trust’s holdings in Walt Disney were worth $254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. increased its holdings in Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after buying an additional 916,772 shares during the period. Jennison Associates LLC bought a new stake in Walt Disney in the first quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. raised its position in Walt Disney by 4.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after purchasing an additional 810,923 shares during the period. Finally, Arlington Financial Advisors LLC boosted its stake in shares of Walt Disney by 456.9% in the 1st quarter. Arlington Financial Advisors LLC now owns 33,462 shares of the entertainment giant’s stock valued at $4,094,000 after purchasing an additional 27,453 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Moffett Nathanson lowered their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company cut their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Morgan Stanley dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Down 0.4 %

Shares of NYSE:DIS opened at $95.03 on Friday. The business has a fifty day simple moving average of $92.61 and a 200 day simple moving average of $98.12. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The firm has a market cap of $173.24 billion, a P/E ratio of 103.29, a P/E/G ratio of 1.49 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. Analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Walt Disney 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.