Indiana Trust & Investment Management CO Raises Stock Holdings in Walt Disney Co (NYSE:DIS)

Indiana Trust & Investment Management CO grew its stake in Walt Disney Co (NYSE:DIS) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,212 shares of the entertainment giant’s stock after purchasing an additional 125 shares during the period. Walt Disney makes up approximately 0.8% of Indiana Trust & Investment Management CO’s portfolio, making the stock its 29th biggest holding. Indiana Trust & Investment Management CO’s holdings in Walt Disney were worth $1,250,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cox Capital Mgt LLC acquired a new stake in Walt Disney during the first quarter worth about $34,000. TD Capital Management LLC acquired a new stake in shares of Walt Disney in the first quarter worth $29,000. Carolina Wealth Advisors LLC boosted its position in Walt Disney by 53.3% during the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. Filbrandt Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth about $48,000. Finally, Danda Trouve Investment Management Inc. bought a new position in Walt Disney during the fourth quarter valued at about $51,000. 62.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DIS traded down $0.60 on Tuesday, hitting $115.62. The company’s stock had a trading volume of 160,154 shares, compared to its average volume of 12,823,856. The company has a 50 day moving average price of $116.79 and a 200 day moving average price of $119.75. Walt Disney Co has a fifty-two week low of $79.07 and a fifty-two week high of $153.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. The company has a market capitalization of $209.96 billion, a PE ratio of 39.24, a PEG ratio of 13.22 and a beta of 1.10.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The company had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business earned $1.61 earnings per share. On average, equities analysts forecast that Walt Disney Co will post 1.44 EPS for the current year.

DIS has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Walt Disney from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Citigroup dropped their target price on shares of Walt Disney from $161.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Walt Disney in a research note on Friday, May 8th. Consumer Edge lowered shares of Walt Disney from an “overweight” rating to an “equal weight” rating and set a $125.00 target price on the stock. in a report on Tuesday, June 9th. Finally, Wells Fargo & Co raised their price objective on shares of Walt Disney from $107.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, June 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $127.73.

About Walt Disney

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.

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

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