Washington Trust Bank Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Washington Trust Bank decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,785 shares of the entertainment giant’s stock after selling 2,741 shares during the quarter. Washington Trust Bank’s holdings in Walt Disney were worth $10,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Planned Solutions Inc. purchased a new position in Walt Disney in the fourth quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney during the 4th quarter worth approximately $28,000. Fortis Group Advisors LLC purchased a new stake in Walt Disney during the 3rd quarter worth about $30,000. Stone House Investment Management LLC boosted its stake in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the period. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DIS. Raymond James increased their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Macquarie increased their price target on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Barclays reduced their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Tuesday, May 21st. Finally, Guggenheim raised their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.29.

Walt Disney Trading Down 1.8 %

NYSE DIS traded down $1.86 during mid-day trading on Tuesday, reaching $100.88. 9,128,346 shares of the stock were exchanged, compared to its average volume of 11,616,409. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The stock has a market capitalization of $183.91 billion, a PE ratio of 111.48, a PEG ratio of 1.26 and a beta of 1.40. The business’s fifty day simple moving average is $108.92 and its 200 day simple moving average is $103.89. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

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.