Trust Co. of Oklahoma trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 11.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,605 shares of the entertainment giant’s stock after selling 2,272 shares during the period. Trust Co. of Oklahoma’s holdings in Walt Disney were worth $1,572,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of DIS. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney during the 1st quarter worth about $28,000. Worth Asset Management LLC acquired a new stake in Walt Disney in the 1st quarter valued at about $29,000. MBM Wealth Consultants LLC lifted its stake in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares during the last quarter. Silicon Valley Capital Partners acquired a new stake in Walt Disney in the 4th quarter valued at about $35,000. Finally, Fortis Capital Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $39,000. 61.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently issued reports on DIS shares. Credit Suisse Group cut their target price on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. Wells Fargo & Company cut their target price on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, September 5th. Raymond James began coverage on shares of Walt Disney in a research note on Monday. They issued an “outperform” rating and a $97.00 target price for the company. Barclays lowered their price target on shares of Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.58.
Walt Disney Stock Performance
Shares of NYSE:DIS opened at $85.03 on Tuesday. The company’s 50 day simple moving average is $85.78 and its 200 day simple moving average is $91.59. The stock has a market capitalization of $155.58 billion, a price-to-earnings ratio of 69.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The Walt Disney Company has a 1 year low of $79.75 and a 1 year high of $118.18.
Walt Disney (NYSE:DIS – Get Free Report) last issued its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The firm had revenue of $22.33 billion for the quarter, compared to analyst estimates of $22.50 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts predict that The Walt Disney Company will post 3.68 EPS for the current fiscal year.
Insider Buying and Selling at Walt Disney
In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the sale, the executive vice president now owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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