Tompkins Financial Corp Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Tompkins Financial Corp increased its holdings in The Walt Disney Company (NYSE:DIS) by 127.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,613 shares of the entertainment giant’s stock after buying an additional 4,832 shares during the period. Tompkins Financial Corp’s holdings in Walt Disney were worth $850,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Walt Disney by 10,567.3% in the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant’s stock worth $241,884,000 after acquiring an additional 2,427,728 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Walt Disney by 1.8% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 20,579 shares of the entertainment giant’s stock worth $2,031,000 after purchasing an additional 373 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in Walt Disney by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 22,599 shares of the entertainment giant’s stock worth $2,231,000 after purchasing an additional 203 shares in the last quarter. Agate Pass Investment Management LLC boosted its stake in Walt Disney by 6.4% in the 1st quarter. Agate Pass Investment Management LLC now owns 13,507 shares of the entertainment giant’s stock worth $1,333,000 after purchasing an additional 815 shares during the period. Finally, Legacy Private Trust Co. grew its holdings in Walt Disney by 24.5% during the 1st quarter. Legacy Private Trust Co. now owns 18,321 shares of the entertainment giant’s stock valued at $1,808,000 after buying an additional 3,609 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DIS shares. Barclays increased their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. UBS Group increased their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Prescient Securities dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $123.54.

Walt Disney Stock Performance

NYSE DIS opened at $111.97 on Friday. The company has a 50-day simple moving average of $96.82 and a two-hundred day simple moving average of $105.55. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 EPS. Walt Disney’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

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.