Trust Co of Kansas Sells 7,400 Shares of The Walt Disney Company $DIS

Trust Co of Kansas reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,972 shares of the entertainment giant’s stock after selling 7,400 shares during the quarter. Walt Disney accounts for approximately 2.5% of Trust Co of Kansas’ holdings, making the stock its 19th biggest position. Trust Co of Kansas’ holdings in Walt Disney were worth $5,205,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DIS. Brighton Jones LLC grew its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the period. Merit Financial Group LLC grew its stake in shares of Walt Disney by 47.0% during the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock valued at $5,643,000 after acquiring an additional 18,272 shares during the period. Triangle Securities Wealth Management grew its stake in shares of Walt Disney by 6.6% during the 1st quarter. Triangle Securities Wealth Management now owns 11,825 shares of the entertainment giant’s stock valued at $1,167,000 after acquiring an additional 732 shares during the period. Apella Capital LLC grew its stake in shares of Walt Disney by 32.3% during the 1st quarter. Apella Capital LLC now owns 9,509 shares of the entertainment giant’s stock valued at $870,000 after acquiring an additional 2,319 shares during the period. Finally, Iams Wealth Management LLC grew its stake in shares of Walt Disney by 8.6% during the 1st quarter. Iams Wealth Management LLC now owns 4,018 shares of the entertainment giant’s stock valued at $397,000 after acquiring an additional 318 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DIS shares. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Barclays boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Evercore ISI boosted their price target on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Down 1.3%

Shares of DIS opened at $112.97 on Thursday. The stock has a market capitalization of $203.11 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The business’s 50 day simple moving average is $116.50 and its 200-day simple moving average is $109.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.