Canandaigua National Bank & Trust Co. Sells 414 Shares of The Walt Disney Company $DIS

Canandaigua National Bank & Trust Co. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,545 shares of the entertainment giant’s stock after selling 414 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Walt Disney were worth $3,540,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the 1st quarter worth $26,000. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the 4th quarter worth $27,000. Kessler Investment Group LLC raised its holdings in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Copia Wealth Management bought a new position in Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney in the 4th quarter worth $39,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Barclays raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $116.02 on Monday. The firm’s 50-day moving average price is $118.34 and its 200-day moving average price is $108.99. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market cap of $208.60 billion, a PE ratio of 18.18, a PEG ratio of 1.68 and a beta of 1.55. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. As a group, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.