The Walt Disney Company $DIS Shares Sold by Ledyard National Bank

Ledyard National Bank cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,400 shares of the entertainment giant’s stock after selling 371 shares during the period. Ledyard National Bank’s holdings in Walt Disney were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the first quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. raised 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 worth $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in Walt Disney during the second quarter worth approximately $37,000. RMG Wealth Management LLC bought a new stake in Walt Disney during the second quarter worth approximately $49,000. Finally, Core Alternative Capital raised its holdings in Walt Disney by 71.0% during the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 225 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 1.4%

Walt Disney stock opened at $111.78 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $200.97 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm’s 50 day moving average price is $114.24 and its two-hundred day moving average price is $112.49.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on DIS. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. UBS Group boosted their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, Wall Street Zen cut 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 and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney 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.