Central Bank & Trust Co. Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Central Bank & Trust Co. boosted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 106.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,171 shares of the entertainment giant's stock after buying an additional 6,268 shares during the period. Central Bank & Trust Co.'s holdings in Walt Disney were worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new stake in Walt Disney during the fourth quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after purchasing an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Walt Disney in the 4th quarter valued at about $358,151,000. Finally, Boston Partners bought a new stake in shares of Walt Disney in the 4th quarter valued at about $350,707,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

NYSE:DIS traded up $1.82 during trading hours on Monday, reaching $115.72. The company had a trading volume of 7,897,674 shares, compared to its average volume of 10,023,605. The business's 50 day moving average price is $98.47 and its 200-day moving average price is $105.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The firm has a market cap of $208.03 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period last year, the company posted $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Rosenblatt Securities upped their price target on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Loop Capital increased their price objective on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Finally, Barclays upped their target price on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.

Insiders Place Their Bets

In other 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 completion of the sale, the executive vice president now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company's stock.

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.