Heritage Trust Co Has $2.90 Million Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• Heritage Trust Co has reduced its stock position in The Walt Disney Company (NYSE:DIS) by 7.1%, selling 2,248 shares, leaving them with a total of 29,347 shares valued at approximately $2.9 million.
• Walt Disney's stock fell by 2.1%, with recent trading prices around $116.57, while the company's market cap stands at approximately $209.56 billion.
• Analysts have varied target prices for Walt Disney, with the consensus suggesting a price target of $128.70, supported by strong quarterly earnings surpassing estimates.

Heritage Trust Co cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,347 shares of the entertainment giant's stock after selling 2,248 shares during the quarter. Heritage Trust Co's holdings in Walt Disney were worth $2,897,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DIS. J. Safra Sarasin Holding AG increased its position in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new stake in shares of Walt Disney during the first quarter worth approximately $326,000. Trek Financial LLC boosted its holdings in shares of Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares during the period. WoodTrust Financial Corp boosted its holdings in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after purchasing an additional 6,047 shares during the period. Finally, Bank of Stockton boosted its holdings in shares of Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after purchasing an additional 383 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

NYSE:DIS traded up $2.79 during mid-day trading on Monday, reaching $119.38. 8,833,063 shares of the company were exchanged, compared to its average volume of 7,022,347. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a fifty day moving average of $118.76 and a 200 day moving average of $107.73. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The stock has a market cap of $214.62 billion, a PE ratio of 24.41, a PEG ratio of 1.71 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The company's revenue was up 7.0% on a year-over-year basis. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. UBS Group lifted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Evercore ISI boosted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $129.83.

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.