First Western Trust Bank Has $3.11 Million Stock Position in The Walt Disney Company $DIS

First Western Trust Bank lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,086 shares of the entertainment giant’s stock after selling 496 shares during the period. First Western Trust Bank’s holdings in Walt Disney were worth $3,111,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. J. Safra Sarasin Holding AG grew its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after buying an additional 16,781 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the second quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC grew its holdings in Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after acquiring an additional 316,707 shares during the period. Lodge Hill Capital LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at $24,373,000. Finally, Border to Coast Pensions Partnership Ltd raised its position in shares of Walt Disney by 13.6% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after acquiring an additional 60,353 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $116.79 on Thursday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company’s fifty day simple moving average is $113.25 and its 200-day simple moving average is $114.34. The firm has a market cap of $209.99 billion, a PE ratio of 18.31, a P/E/G ratio of 1.45 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DIS. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Rosenblatt Securities restated a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. 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. Finally, Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

About Walt Disney

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.