Fulton Bank N.A. cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,519 shares of the entertainment giant's stock after selling 4,987 shares during the period. Fulton Bank N.A.'s holdings in Walt Disney were worth $4,690,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at $27,000. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during the fourth 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 period. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the fourth quarter valued at about $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at about $34,000. Institutional investors own 65.71% of the company's stock.
Insider Activity
In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were 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 owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
DIS has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Wolfe Research upgraded 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. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.
Get Our Latest Analysis on Walt Disney
Walt Disney Trading Down 0.9%
NYSE:DIS traded down $1.00 during trading hours on Thursday, hitting $112.49. 8,487,018 shares of the company were exchanged, compared to its average volume of 10,036,758. The stock has a market capitalization of $202.22 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The company has a fifty day simple moving average of $97.87 and a 200 day simple moving average of $105.75. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the company earned $1.21 earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
About Walt Disney
(
Free Report)
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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