TNB Financial lessened its stake in Walt Disney Co (NYSE:DIS) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,852 shares of the entertainment giant’s stock after selling 7,061 shares during the period. Walt Disney comprises about 1.9% of TNB Financial’s portfolio, making the stock its 17th biggest position. TNB Financial’s holdings in Walt Disney were worth $9,982,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Walt Disney during the 2nd quarter valued at about $925,000. Front Row Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $122,000. Legacy Advisors LLC bought a new stake in shares of Walt Disney during the 3rd quarter valued at about $137,000. Cerebellum GP LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $142,000. Finally, Malaga Cove Capital LLC bought a new stake in shares of Walt Disney during the 3rd quarter valued at about $140,000. Hedge funds and other institutional investors own 62.63% of the company’s stock.
DIS has been the topic of several research analyst reports. Barclays set a $105.00 target price on Walt Disney and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Edward Jones lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Wells Fargo restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Friday, December 15th. Vetr upgraded Walt Disney from a “buy” rating to a “strong-buy” rating and set a $111.60 target price on the stock in a research report on Tuesday. Finally, Credit Suisse Group restated a “buy” rating on shares of Walt Disney in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $118.82.
In other news, Director Aylwin B. Lewis sold 1,797 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the sale, the director now directly owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.
Shares of Walt Disney stock opened at $100.35 on Friday. The company has a market capitalization of $153,540.36, a PE ratio of 16.91, a P/E/G ratio of 1.74 and a beta of 1.30. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the consensus estimate of $1.61 by $0.28. The firm had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 earnings per share. equities research analysts predict that Walt Disney Co will post 6.95 earnings per share for the current fiscal year.
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Walt Disney Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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