Chemung Canal Trust Co. boosted its stake in Walt Disney Co (NYSE:DIS) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,996 shares of the entertainment giant’s stock after buying an additional 6,246 shares during the quarter. Walt Disney makes up approximately 1.6% of Chemung Canal Trust Co.’s portfolio, making the stock its 24th largest holding. Chemung Canal Trust Co.’s holdings in Walt Disney were worth $7,133,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Moody Aldrich Partners LLC purchased a new position in Walt Disney in the 2nd quarter valued at about $71,061,000. Live Your Vision LLC lifted its stake in Walt Disney by 91.6% in the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after buying an additional 500 shares in the last quarter. Trilogy Capital Inc. purchased a new position in Walt Disney in the 1st quarter valued at about $107,000. CSat Investment Advisory L.P. purchased a new position in Walt Disney in the 2nd quarter valued at about $112,000. Finally, BDO Wealth Advisors LLC lifted its stake in Walt Disney by 184.3% in the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after buying an additional 739 shares in the last quarter. 63.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on DIS shares. Credit Suisse Group began coverage on shares of Walt Disney in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 price target on the stock. Zacks Investment Research lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Bank of America began coverage on shares of Walt Disney in a research note on Friday, July 20th. They issued a “buy” rating and a $144.00 target price on the stock. B. Riley decreased their target price on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Finally, BMO Capital Markets raised their target price on shares of Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Walt Disney currently has a consensus rating of “Buy” and an average price target of $120.99.
Shares of NYSE DIS opened at $115.45 on Tuesday. The company has a market cap of $171.30 billion, a PE ratio of 20.25, a PEG ratio of 1.45 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81. Walt Disney Co has a 1 year low of $97.68 and a 1 year high of $119.69.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same quarter in the prior year, the business earned $1.58 EPS. On average, sell-side analysts expect that Walt Disney Co will post 6.92 EPS for the current fiscal year.
In other news, EVP Brent Woodford sold 961 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $117.06, for a total transaction of $112,494.66. Following the completion of the sale, the executive vice president now owns 25,737 shares in the company, valued at approximately $3,012,773.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mary Jayne Parker sold 29,192 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the sale, the executive vice president now owns 29,199 shares of the company’s stock, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. Insiders have sold a total of 31,105 shares of company stock valued at $3,663,359 in the last 90 days. Insiders own 0.38% of the company’s stock.
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Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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