The Walt Disney Company (NYSE:DIS) Holdings Decreased by Trust Co. of Oklahoma

Trust Co. of Oklahoma reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,060 shares of the entertainment giant’s stock after selling 597 shares during the period. Trust Co. of Oklahoma’s holdings in Walt Disney were worth $1,256,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new position in Walt Disney during the first quarter worth about $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney in the 2nd quarter worth about $32,000. Red Tortoise LLC increased its stake in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares in the last quarter. O Brien Wealth Partners LLC purchased a new position in Walt Disney in the 1st quarter worth about $51,000. Finally, Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. 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 note on Tuesday, July 30th. Evercore ISI decreased their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley decreased their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. UBS Group decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Walt Disney Stock Performance

NYSE DIS traded down $1.04 during trading on Tuesday, hitting $93.93. The company’s stock had a trading volume of 3,994,580 shares, compared to its average volume of 10,993,696. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average price of $90.99 and a 200 day moving average price of $99.46. The firm has a market cap of $171.24 billion, a P/E ratio of 103.18, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74.

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

Insiders Place Their Bets

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

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.