The Walt Disney Company (NYSE:DIS) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in The Walt Disney Company (NYSE:DIS) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,085,230 shares of the entertainment giant’s stock after selling 47,056 shares during the quarter. US Bancorp DE’s holdings in Walt Disney were worth $104,388,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DIS. Ashton Thomas Private Wealth LLC boosted its stake in shares of Walt Disney by 19.3% in the first quarter. Ashton Thomas Private Wealth LLC now owns 20,842 shares of the entertainment giant’s stock worth $2,550,000 after acquiring an additional 3,373 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of Walt Disney by 30.7% in the first quarter. China Universal Asset Management Co. Ltd. now owns 15,672 shares of the entertainment giant’s stock valued at $1,918,000 after buying an additional 3,681 shares during the last quarter. Norden Group LLC lifted its stake in shares of Walt Disney by 4.8% in the first quarter. Norden Group LLC now owns 9,537 shares of the entertainment giant’s stock worth $1,167,000 after buying an additional 439 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in Walt Disney during the first quarter worth about $264,000. Finally, Diversify Advisory Services LLC acquired a new stake in Walt Disney in the 1st quarter valued at about $5,648,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 1.3 %

Shares of Walt Disney stock traded up $1.21 during trading hours on Thursday, reaching $96.29. 1,885,926 shares of the company were exchanged, compared to its average volume of 10,775,048. The firm has a market cap of $175.54 billion, a PE ratio of 103.30, a PEG ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 1 year low of $80.18 and a 1 year high of $123.74. The stock’s fifty day moving average is $92.93 and its 200 day moving average is $97.69.

Walt Disney (NYSE:DIS) last issued its quarterly 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. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. As a group, equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.