The Walt Disney Company (NYSE:DIS) Stock Position Lifted by Blue Trust Inc.

Blue Trust Inc. boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,431 shares of the entertainment giant’s stock after purchasing an additional 471 shares during the period. Blue Trust Inc.’s holdings in Walt Disney were worth $1,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. ESL Trust Services LLC bought a new stake in Walt Disney in the first quarter worth approximately $31,000. Gold Investment Management Ltd. bought a new stake in Walt Disney in the fourth quarter worth approximately $28,000. Partnership Wealth Management LLC bought a new stake in Walt Disney in the fourth quarter worth approximately $33,000. Stone House Investment Management LLC grew its position in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Red Tortoise LLC grew its position in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 215 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS traded up $0.51 during trading hours on Friday, hitting $89.30. The stock had a trading volume of 10,277,743 shares, compared to its average volume of 11,680,049. The company’s fifty day moving average is $95.41 and its two-hundred day moving average is $104.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market capitalization of $162.80 billion, a price-to-earnings ratio of 97.05, a P/E/G ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 4.77 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Macquarie decreased their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. UBS Group reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 21st. Bank of America reduced their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.13.

Walt Disney Company 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.