Trustmark National Bank Trust Department Has $233,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Trustmark National Bank Trust Department lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 43.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,418 shares of the entertainment giant’s stock after selling 1,872 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Walt Disney were worth $233,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after purchasing an additional 327 shares in the last quarter. Edgestream Partners L.P. increased its holdings in Walt Disney by 3.4% during the 1st quarter. Edgestream Partners L.P. now owns 3,876 shares of the entertainment giant’s stock worth $474,000 after purchasing an additional 128 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Walt Disney by 30.8% during the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock worth $3,180,000 after purchasing an additional 6,118 shares in the last quarter. Capital International Inc. CA bought a new position in Walt Disney during the 1st quarter worth about $3,596,000. Finally, Capital International Sarl bought a new position in Walt Disney during the 1st quarter worth about $211,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.7 %

Walt Disney stock opened at $115.11 on Friday. The stock has a 50-day simple moving average of $97.59 and a 200 day simple moving average of $96.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market capitalization of $208.46 billion, a P/E ratio of 42.48, a PEG ratio of 2.09 and a beta of 1.40. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Evercore ISI raised their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday. Barclays decreased their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

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.