Washington Trust Bank Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Washington Trust Bank trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 122,223 shares of the entertainment giant’s stock after selling 5,009 shares during the quarter. Walt Disney accounts for about 1.3% of Washington Trust Bank’s holdings, making the stock its 24th largest holding. Washington Trust Bank’s holdings in Walt Disney were worth $13,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DIS. Brookstone Capital Management increased its stake in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares during the period. Greystone Financial Group LLC increased its stake in Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares during the period. Avanza Fonder AB purchased a new position in Walt Disney in the 4th quarter worth approximately $15,125,000. Swedbank AB increased its stake in Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after purchasing an additional 422,339 shares during the period. Finally, FourThought Financial Partners LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $446,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.7 %

Walt Disney stock opened at $99.51 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $108.04 and its two-hundred day simple moving average is $104.58. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a market capitalization of $179.89 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citigroup reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Jefferies Financial Group began coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

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.