Central Pacific Bank Trust Division Buys 8,989 Shares of The Walt Disney Company $DIS

Key Points

• Central Pacific Bank Trust Division increased its holdings in The Walt Disney Company by 38.1% in the second quarter, owning 32,561 shares worth approximately $4,038,000.
• Walt Disney reported earnings of $1.61 EPS for the quarter, surpassing the expected $1.45 EPS, with a net revenue of $23.65 billion.
• Analysts have set new price targets for Disney, with UBS Group raising its target from $120.00 to $138.00 and Barclays increasing it from $120.00 to $140.00, maintaining a general consensus rating of "Moderate Buy."

Central Pacific Bank Trust Division boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 38.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,561 shares of the entertainment giant's stock after purchasing an additional 8,989 shares during the period. Central Pacific Bank Trust Division's holdings in Walt Disney were worth $4,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after buying an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after purchasing an additional 717,066 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Walt Disney by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after purchasing an additional 3,016,339 shares in the last quarter. Finally, Amundi boosted its position in Walt Disney by 11.4% during the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 0.9%

Shares of Walt Disney stock traded down $1.06 during midday trading on Friday, hitting $116.02. The company's stock had a trading volume of 7,638,964 shares, compared to its average volume of 6,004,555. The firm has a market capitalization of $208.60 billion, a P/E ratio of 18.18, a PEG ratio of 1.68 and a beta of 1.55. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $118.34 and a 200-day simple moving average of $108.99.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI upped their target price on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, September 4th. Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities increased their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Company 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.