WASHINGTON TRUST Co Buys 3,945 Shares of The Walt Disney Company $DIS

WASHINGTON TRUST Co boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 3.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 130,712 shares of the entertainment giant’s stock after acquiring an additional 3,945 shares during the quarter. WASHINGTON TRUST Co’s holdings in Walt Disney were worth $16,210,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the second quarter valued at $37,000. RMG Wealth Management LLC purchased a new stake in Walt Disney in the 2nd quarter valued at approximately $49,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Walt Disney in the first quarter valued at approximately $53,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS traded down $9.58 during mid-day trading on Thursday, reaching $107.07. 11,609,438 shares of the company traded hands, compared to its average volume of 9,257,270. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market cap of $192.51 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a fifty day simple moving average of $113.25 and a 200-day simple moving average of $114.34.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Evercore ISI upped their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

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.