CNB Bank Trims Stock Holdings in The Walt Disney Company (NYSE:DIS)

CNB Bank cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 76.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,919 shares of the entertainment giant's stock after selling 6,230 shares during the quarter. CNB Bank's holdings in Walt Disney were worth $189,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DIS. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the fourth quarter valued at $27,000. Tacita Capital Inc increased its position in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney in the 4th quarter worth about $32,000. Copia Wealth Management acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $36,000. Finally, Vision Financial Markets LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $121.64 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $121.83. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The company has a market cap of $218.69 billion, a PE ratio of 24.88, a P/E/G ratio of 1.75 and a beta of 1.54. The stock has a 50 day simple moving average of $107.50 and a 200-day simple moving average of $105.97.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. UBS Group raised their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. 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, Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $123.96.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

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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