The Walt Disney Company $DIS Shares Sold by Legacy Trust

Legacy Trust decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,549 shares of the entertainment giant’s stock after selling 9,093 shares during the quarter. Legacy Trust’s holdings in Walt Disney were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. Brighton Jones LLC boosted its position in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the last quarter. Vest Financial LLC raised its holdings in Walt Disney by 73.5% in the 1st quarter. Vest Financial LLC now owns 12,996 shares of the entertainment giant’s stock valued at $1,283,000 after buying an additional 5,507 shares during the period. Curat Global LLC purchased a new stake in Walt Disney in the 1st quarter valued at about $142,000. Eagle Rock Investment Company LLC raised its holdings in Walt Disney by 0.9% in the 1st quarter. Eagle Rock Investment Company LLC now owns 65,806 shares of the entertainment giant’s stock valued at $6,495,000 after buying an additional 615 shares during the period. Finally, Pines Wealth Management LLC raised its holdings in Walt Disney by 6.4% in the 1st quarter. Pines Wealth Management LLC now owns 6,114 shares of the entertainment giant’s stock valued at $603,000 after buying an additional 366 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. Susquehanna restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Evercore ISI boosted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Up 0.3%

Shares of NYSE:DIS opened at $112.49 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 capitalization of $202.25 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The firm’s 50-day moving average is $116.12 and its two-hundred day moving average is $110.02. 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 issued its quarterly earnings results 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 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 revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. Analysts predict 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.