Orrstown Financial Services Inc. Decreases Holdings in Walt Disney Co (DIS)

Orrstown Financial Services Inc. decreased its position in Walt Disney Co (NYSE:DIS) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,848 shares of the entertainment giant’s stock after selling 248 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Walt Disney were worth $861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. Contravisory Investment Management Inc. raised its holdings in Walt Disney by 176.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 261 shares in the last quarter. Watermark Asset Management Inc. increased its holdings in shares of Walt Disney by 52.2% during the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 153 shares in the last quarter. Highwater Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at $56,000. CX Institutional bought a new position in shares of Walt Disney during the fourth quarter valued at $80,000. Finally, Canton Hathaway LLC bought a new position in shares of Walt Disney during the third quarter valued at $107,000. Institutional investors and hedge funds own 63.71% of the company’s stock.

DIS stock opened at $114.48 on Friday. Walt Disney Co has a twelve month low of $97.68 and a twelve month high of $120.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00. The stock has a market cap of $171.04 billion, a PE ratio of 16.17, a P/E/G ratio of 2.75 and a beta of 0.91.



Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The firm had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. During the same period in the previous year, the firm earned $1.89 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities analysts forecast that Walt Disney Co will post 7.09 earnings per share for the current fiscal year.

In related news, EVP Brent Woodford sold 1,341 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $107.71, for a total value of $144,439.11. Following the transaction, the executive vice president now directly owns 28,914 shares of the company’s stock, valued at approximately $3,114,326.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan N. Braverman sold 1,153 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the transaction, the executive vice president now directly owns 106,390 shares in the company, valued at $11,458,203. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,148 shares of company stock worth $1,336,704. Insiders own 0.36% of the company’s stock.

Several brokerages have recently weighed in on DIS. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Tigress Financial reissued a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. Wolfe Research began coverage on Walt Disney in a research report on Friday, December 7th. They issued an “outperform” rating on the stock. Imperial Capital raised Walt Disney from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $113.00 to $129.00 in a research report on Tuesday, November 27th. Finally, Edward Jones raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $124.84.

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Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

See Also: Asset Allocation

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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