Penobscot Investment Management Company Inc. Has $2.39 Million Stock Holdings in The Walt Disney Company $DIS

Penobscot Investment Management Company Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 1.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,296 shares of the entertainment giant’s stock after selling 365 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Walt Disney were worth $2,393,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. J. Safra Sarasin Holding AG increased 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 purchasing an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth about $326,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $4,220,599,000. Wedge Capital Management L L P NC increased its position in shares of 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 purchasing an additional 316,707 shares in the last quarter. Finally, WoodTrust Financial Corp increased its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after purchasing an additional 6,047 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.3%

Shares of NYSE:DIS opened at $112.49 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a 50 day moving average of $116.12 and a 200-day moving average of $109.95. 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 stock has a market cap of $202.25 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 1.47 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the company earned $1.39 EPS. Walt Disney’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DIS shares. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. 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 research report on Tuesday, July 29th. Rosenblatt Securities raised their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. 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 report on Wednesday, July 9th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $131.18.

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.