American National Bank & Trust Acquires 3,008 Shares of The Walt Disney Company $DIS

Key Points

• American National Bank & Trust increased its holdings in The Walt Disney Company by 4.7% during the second quarter, acquiring an additional 3,008 shares, bringing its total to 66,559 shares valued at approximately $8.25 million.
• Several institutional investors, including MKT Advisors LLC and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, made significant changes to their positions in Walt Disney, reflecting a growing interest in the company with over 65% of its stock owned by institutions.
• Equities analysts have generally favorable views of Walt Disney, with multiple firms raising their target prices; currently, analysts have a Moderate Buy rating and an average price target of $131.18.

American National Bank & Trust raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 4.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,559 shares of the entertainment giant's stock after buying an additional 3,008 shares during the period. American National Bank & Trust's holdings in Walt Disney were worth $8,254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MKT Advisors LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth approximately $201,000. Kingsman Wealth Management Inc. bought a new stake in shares of Walt Disney during the 2nd quarter worth about $225,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Walt Disney by 1,232.7% in the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 29,347 shares of the entertainment giant's stock valued at $3,639,000 after buying an additional 27,145 shares during the last quarter. Magnus Financial Group LLC raised its holdings in Walt Disney by 5.1% in the 2nd quarter. Magnus Financial Group LLC now owns 22,388 shares of the entertainment giant's stock valued at $2,776,000 after acquiring an additional 1,087 shares during the period. Finally, LeConte Wealth Management LLC acquired a new stake in Walt Disney during the second quarter worth approximately $370,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Morgan Stanley lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Down 0.4%

Shares of DIS stock opened at $112.95 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 company has a market cap of $203.07 billion, a PE ratio of 17.70, a P/E/G ratio of 1.64 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock's fifty day moving average price is $117.11 and its two-hundred day moving average price is $109.34.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.

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