Atlantic Union Bankshares Corp Has $1.58 Million Position in The Walt Disney Company (NYSE:DIS)

Atlantic Union Bankshares Corp reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,004 shares of the entertainment giant's stock after selling 2,170 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Walt Disney were worth $1,580,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC raised its position in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Rosenblatt Securities boosted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.13.

Walt Disney Trading Down 0.7%

Shares of Walt Disney stock opened at $121.36 on Monday. The stock has a market cap of $218.17 billion, a PE ratio of 24.82, a PEG ratio of 1.78 and a beta of 1.56. The firm has a 50-day moving average of $117.00 and a 200-day moving average of $106.95. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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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