UNIVEST FINANCIAL Corp Sells 598 Shares of The Walt Disney Company $DIS

UNIVEST FINANCIAL Corp lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.3% during the second quarter, Holdings Channel.com reports. The firm owned 7,585 shares of the entertainment giant’s stock after selling 598 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Walt Disney were worth $941,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Walt Disney by 19.7% in the first quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant’s stock valued at $713,000 after buying an additional 1,188 shares during the last quarter. FSM Wealth Advisors LLC raised its stake in Walt Disney by 18.2% in the first quarter. FSM Wealth Advisors LLC now owns 2,654 shares of the entertainment giant’s stock valued at $262,000 after buying an additional 408 shares during the last quarter. Private Trust Co. NA raised its stake in Walt Disney by 4.4% in the first quarter. Private Trust Co. NA now owns 13,319 shares of the entertainment giant’s stock valued at $1,315,000 after buying an additional 567 shares during the last quarter. Finally, Glassy Mountain Advisors Inc. raised its stake in Walt Disney by 0.6% in the first quarter. Glassy Mountain Advisors Inc. now owns 33,871 shares of the entertainment giant’s stock valued at $3,343,000 after buying an additional 214 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.4%

Shares of DIS stock opened at $111.78 on Friday. The stock has a 50 day moving average of $114.24 and a 200 day moving average of $112.49. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $200.97 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly 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 company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.39 earnings per share. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Evercore ISI raised their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.