The Walt Disney Company (NYSE:DIS) Shares Sold by STAR Financial Bank

STAR Financial Bank reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.2% during the 1st quarter, HoldingsChannel reports. The firm owned 2,525 shares of the entertainment giant’s stock after selling 225 shares during the period. STAR Financial Bank’s holdings in Walt Disney were worth $309,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after purchasing an additional 1,555,748 shares in the last quarter. Norges Bank acquired a new stake in Walt Disney in the fourth quarter valued at $1,938,647,000. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the 1st quarter worth $1,490,492,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Walt Disney by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after purchasing an additional 211,397 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Walt Disney by 4.5% during the 4th quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock worth $650,472,000 after acquiring an additional 309,376 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded down $0.08 during mid-day trading on Wednesday, hitting $96.97. 7,617,282 shares of the company’s stock traded hands, compared to its average volume of 11,385,722. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm has a 50 day moving average price of $102.44 and a 200 day moving average price of $104.95. The company has a market cap of $176.78 billion, a PE ratio of 105.40, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 4.75 EPS for the current year.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of analyst reports. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price for the company. Loop Capital raised their price target on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company increased their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.44.

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.