NBT Bank N A NY Lowers Stake in The Walt Disney Company $DIS

NBT Bank N A NY lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,727 shares of the entertainment giant’s stock after selling 2,056 shares during the quarter. NBT Bank N A NY’s holdings in Walt Disney were worth $7,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DIS. Brighton Jones LLC raised its position 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 buying an additional 1,904 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Walt Disney by 5.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 35,564 shares of the entertainment giant’s stock valued at $3,510,000 after purchasing an additional 1,933 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Walt Disney by 5.1% during the 1st quarter. Farther Finance Advisors LLC now owns 64,619 shares of the entertainment giant’s stock valued at $6,312,000 after purchasing an additional 3,116 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Walt Disney by 66,259.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 70,341 shares of the entertainment giant’s stock valued at $6,943,000 after purchasing an additional 70,235 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after purchasing an additional 1,856 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $112.54 on Wednesday. The firm has a market cap of $202.33 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $115.82 and its two-hundred day simple moving average is $110.21.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on DIS. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Finally, Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

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.