The Walt Disney Company $DIS Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 67.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,720 shares of the entertainment giant’s stock after selling 81,926 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Walt Disney were worth $4,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Whelan Financial grew its holdings in Walt Disney by 34.8% in the 2nd quarter. Whelan Financial now owns 7,754 shares of the entertainment giant’s stock worth $962,000 after buying an additional 2,001 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Walt Disney by 4.7% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,460 shares of the entertainment giant’s stock worth $1,917,000 after buying an additional 695 shares in the last quarter. 1900 Wealth Management LLC grew its holdings in Walt Disney by 6.7% in the 2nd quarter. 1900 Wealth Management LLC now owns 2,260 shares of the entertainment giant’s stock worth $280,000 after buying an additional 142 shares in the last quarter. Ashton Thomas Securities LLC grew its holdings in Walt Disney by 27.8% in the 2nd quarter. Ashton Thomas Securities LLC now owns 32,758 shares of the entertainment giant’s stock worth $4,063,000 after buying an additional 7,129 shares in the last quarter. Finally, Hilltop National Bank bought a new position in Walt Disney in the 2nd quarter worth approximately $519,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DIS. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Saturday, September 27th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $112.49 on Friday. The stock has a fifty day moving average price of $116.12 and a two-hundred day moving average price of $109.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $202.25 billion, a P/E ratio of 17.63, a PEG ratio of 1.47 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.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates 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 was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company 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.