Trust Co. of Virginia VA reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,186 shares of the entertainment giant’s stock after selling 2,064 shares during the quarter. Walt Disney accounts for approximately 1.5% of Trust Co. of Virginia VA’s portfolio, making the stock its 22nd largest holding. Trust Co. of Virginia VA’s holdings in Walt Disney were worth $10,614,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. TD Capital Management LLC bought a new position in shares of Walt Disney during the first quarter valued at about $29,000. Carolina Wealth Advisors LLC boosted its holdings in shares of Walt Disney by 53.3% during the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock worth $32,000 after purchasing an additional 114 shares during the period. Marquette Asset Management LLC boosted its holdings in shares of Walt Disney by 3,500.0% during the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after purchasing an additional 350 shares during the period. Horan Securities Inc. purchased a new stake in shares of Walt Disney during the first quarter worth about $36,000. Finally, Selective Wealth Management Inc. boosted its holdings in shares of Walt Disney by 50.6% during the second quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock worth $42,000 after purchasing an additional 125 shares during the period. 62.66% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on DIS. Goldman Sachs Group began coverage on shares of Walt Disney in a report on Monday, July 13th. They set a “buy” rating and a $137.00 target price for the company. Cfra dropped their target price on shares of Walt Disney from $160.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Royal Bank of Canada dropped their target price on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Finally, Moffett Nathanson lowered shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a report on Monday, May 4th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the company. Walt Disney has an average rating of “Hold” and a consensus target price of $125.35.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The firm had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. Walt Disney’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the business earned $1.61 EPS. As a group, sell-side analysts forecast that Walt Disney Co will post 1.38 earnings per share for the current fiscal year.
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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