Keybank National Association OH Decreases Position in The Walt Disney Company (NYSE:DIS)

Keybank National Association OH trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 737,705 shares of the entertainment giant's stock after selling 20,456 shares during the period. Keybank National Association OH's holdings in Walt Disney were worth $72,812,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DIS. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney during the 4th quarter valued at about $27,000. Kessler Investment Group LLC lifted its position in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Tacita Capital Inc boosted its stake in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $32,000. Finally, Copia Wealth Management acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $36,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.51 during mid-day trading on Wednesday, hitting $122.98. 7,314,209 shares of the company were exchanged, compared to its average volume of 10,054,051. The stock has a 50 day simple moving average of $109.80 and a 200-day simple moving average of $106.10. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. 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 firm has a market cap of $221.09 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 value of $110,840.00. Following the completion of the transaction, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

DIS has been the subject of several recent research reports. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the company from $100.00 to $144.00 in a research report on Monday. Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. UBS Group upped their price target on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $125.79.

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.