Tompkins Financial Corp Sells 37,185 Shares of Walt Disney Co (NYSE:DIS)

Tompkins Financial Corp lowered its position in Walt Disney Co (NYSE:DIS) by 89.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,548 shares of the entertainment giant’s stock after selling 37,185 shares during the quarter. Tompkins Financial Corp’s holdings in Walt Disney were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Triton Wealth Management PLLC bought a new stake in Walt Disney in the second quarter valued at approximately $541,000. Perigon Wealth Management LLC boosted its stake in shares of Walt Disney by 1.8% during the 2nd quarter. Perigon Wealth Management LLC now owns 71,346 shares of the entertainment giant’s stock worth $7,956,000 after acquiring an additional 1,281 shares during the period. Davis Capital Management increased its holdings in shares of Walt Disney by 5.7% during the 2nd quarter. Davis Capital Management now owns 7,721 shares of the entertainment giant’s stock worth $861,000 after acquiring an additional 413 shares during the last quarter. Carl P. Sherr & Co. LLC raised its stake in Walt Disney by 3.3% in the 2nd quarter. Carl P. Sherr & Co. LLC now owns 19,345 shares of the entertainment giant’s stock valued at $2,157,000 after acquiring an additional 615 shares during the period. Finally, Avestar Capital LLC lifted its holdings in Walt Disney by 12.0% during the 2nd quarter. Avestar Capital LLC now owns 2,332 shares of the entertainment giant’s stock valued at $260,000 after purchasing an additional 250 shares during the last quarter. 62.66% of the stock is owned by institutional investors.

Shares of DIS opened at $116.94 on Friday. Walt Disney Co has a one year low of $79.07 and a one year high of $153.41. The company has a market cap of $208.91 billion, a P/E ratio of 25.42, a P/E/G ratio of 13.36 and a beta of 1.10. 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 firm has a 50 day simple moving average of $115.68 and a two-hundred day simple moving average of $117.27.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts expect that Walt Disney Co will post 1.38 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research report on Friday, June 26th. Sanford C. Bernstein lowered their price target on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating on the stock in a report on Wednesday, May 6th. Rosenblatt Securities restated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a report on Wednesday, May 6th. Citigroup decreased their target price on Walt Disney from $161.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Royal Bank of Canada dropped their price target on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $125.35.

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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