Plimoth Trust Co. LLC Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

Plimoth Trust Co. LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 3.0% in the third quarter, Holdings Channel.com reports. The firm owned 24,211 shares of the entertainment giant’s stock after purchasing an additional 714 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Walt Disney were worth $2,329,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Mcdonald Partners LLC boosted its holdings in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the period. Sendero Wealth Management LLC raised its position in Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after purchasing an additional 89 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after buying an additional 94 shares during the period. Horizon Bancorp Inc. IN grew its position in shares of Walt Disney by 6.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant’s stock worth $205,000 after buying an additional 96 shares in the last quarter. Finally, KFA Private Wealth Group LLC increased its stake in shares of Walt Disney by 4.1% during the first quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant’s stock valued at $329,000 after buying an additional 106 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DIS shares. Morgan Stanley lowered their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company reduced their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. UBS Group decreased 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 report on Thursday, August 8th. Finally, Moffett Nathanson cut their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Down 0.7 %

Walt Disney stock traded down $0.66 during trading on Monday, reaching $96.62. 8,023,681 shares of the company were exchanged, compared to its average volume of 10,967,480. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock’s 50 day simple moving average is $91.72 and its two-hundred day simple moving average is $98.75. The company has a market capitalization of $176.14 billion, a P/E ratio of 105.74, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. On average, equities research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Walt Disney 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.