City State Bank Sells 250 Shares of The Walt Disney Company $DIS

City State Bank trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,180 shares of the entertainment giant’s stock after selling 250 shares during the period. City State Bank’s holdings in Walt Disney were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. increased its holdings in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney during the first quarter worth $26,000. Kessler Investment Group LLC boosted its position in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the second quarter worth $37,000. Finally, RMG Wealth Management LLC bought a new position in shares of Walt Disney during the second quarter worth $49,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DIS shares. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Barclays raised 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 Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Stephens restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Guggenheim lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Price Performance

NYSE:DIS opened at $111.64 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market cap of $200.72 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The company has a 50 day moving average price of $114.64 and a 200-day moving average price of $111.64. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. Equities research analysts forecast 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.