Stock Yards Bank & Trust Co. cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,289 shares of the entertainment giant’s stock after selling 463 shares during the quarter. The Walt Disney comprises 1.9% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 17th biggest position. Stock Yards Bank & Trust Co.’s holdings in The Walt Disney were worth $22,619,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Demars Financial Group LLC acquired a new position in The Walt Disney in the 2nd quarter valued at about $38,000. Selective Wealth Management Inc. increased its stake in The Walt Disney by 50.6% during the 2nd quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock worth $42,000 after buying an additional 125 shares during the period. Hanseatic Management Services Inc. increased its stake in The Walt Disney by 29.6% during the 2nd quarter. Hanseatic Management Services Inc. now owns 442 shares of the entertainment giant’s stock worth $49,000 after buying an additional 101 shares during the period. Estate Counselors LLC purchased a new stake in The Walt Disney during the 2nd quarter worth approximately $52,000. Finally, Equitec Proprietary Markets LLC purchased a new stake in The Walt Disney during the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 62.72% of the company’s stock.
Several equities research analysts recently weighed in on DIS shares. BMO Capital Markets upped their target price on shares of The Walt Disney from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Morgan Stanley upped their target price on shares of The Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Citigroup upped their target price on shares of The Walt Disney from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Wells Fargo & Company increased their price objective on shares of The Walt Disney from $120.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. Finally, Credit Suisse Group raised shares of The Walt Disney from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $116.00 to $146.00 in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $134.70.
Shares of NYSE:DIS opened at $126.81 on Friday. The stock has a market cap of $229.15 billion, a P/E ratio of -204.53, a P/E/G ratio of 6.23 and a beta of 1.09. The firm has a fifty day moving average price of $128.38 and a 200 day moving average price of $117.94. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. The Walt Disney Company has a 1-year low of $79.07 and a 1-year high of $153.41.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $0.72. The firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $12.48 billion. The Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.58%. The Walt Disney’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 EPS. Sell-side analysts expect that The Walt Disney Company will post 1.59 EPS for the current fiscal year.
In related news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total transaction of $261,900.00. Following the completion of the sale, the executive vice president now owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is owned by corporate insiders.
About The Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.
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