Citizens National Bank Trust Department Boosts Stock Position in The Walt Disney Company $DIS

Key Points

• Citizens National Bank Trust Department increased its stake in The Walt Disney Company by 6.1% during the second quarter, owning 39,718 shares valued at approximately $4,925,000.
• The Walt Disney Company reported earnings per share of $1.61, beating the consensus estimate of $1.45, along with revenue of $23.65 billion which was slightly below expectations.
• Analysts maintain a consensus rating of "Moderate Buy" for Walt Disney's stock with a price target averaging $131.18.

Citizens National Bank Trust Department grew its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,718 shares of the entertainment giant's stock after acquiring an additional 2,288 shares during the quarter. Walt Disney comprises approximately 1.0% of Citizens National Bank Trust Department's investment portfolio, making the stock its 29th biggest position. Citizens National Bank Trust Department's holdings in Walt Disney were worth $4,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the first quarter valued at $26,000. DiNuzzo Private Wealth Inc. boosted its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after acquiring an additional 94 shares during the period. Kessler Investment Group LLC grew its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. First PREMIER Bank increased its stake in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of Walt Disney during the second quarter worth about $49,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 0.2%

Shares of NYSE:DIS opened at $112.54 on Wednesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $202.33 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.48 and a beta of 1.54. The firm has a fifty day moving average price of $115.82 and a 200 day moving average price of $110.21.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DIS shares. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI boosted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research note on Saturday, September 27th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

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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