Hancock Whitney Corp Buys 10,031 Shares of The Walt Disney Company $DIS

Key Points

• Hancock Whitney Corp has increased its stock holdings in The Walt Disney Company (NYSE:DIS) by 57.6%, now owning a total of 27,455 shares worth approximately $2.71 million.
• Walt Disney's stock recently rose by 1.2%, with a current market cap of $213.63 billion and a P/E ratio of 18.62.
• Analysts project a positive trend for Walt Disney, with multiple firms raising their price targets, and an overall rating of "Moderate Buy" among 28 analysts.

Hancock Whitney Corp increased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 57.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,455 shares of the entertainment giant's stock after acquiring an additional 10,031 shares during the period. Hancock Whitney Corp's holdings in Walt Disney were worth $2,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Trust LLC increased its stake in Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after buying an additional 99 shares during the last quarter. Hemington Wealth Management increased its stake in Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after buying an additional 105 shares during the last quarter. Leigh Baldwin & CO. LLC increased its stake in Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock valued at $493,000 after buying an additional 108 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after buying an additional 113 shares during the last quarter. Finally, RD Lewis Holdings Inc. increased its stake in Walt Disney by 0.7% in the 1st quarter. RD Lewis Holdings Inc. now owns 15,899 shares of the entertainment giant's stock valued at $1,470,000 after buying an additional 113 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DIS shares. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, September 4th. Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Barclays lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Guggenheim lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, UBS Group lifted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Price Performance

DIS stock traded down $0.74 during trading on Tuesday, reaching $118.10. 2,068,726 shares of the company were exchanged, compared to its average volume of 9,443,387. The company has a market capitalization of $212.34 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.71 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a 50-day moving average of $118.90 and a two-hundred day moving average of $108.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

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

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.