Legacy Private Trust Co. Raises Stake in The Walt Disney Company (NYSE:DIS)

Legacy Private Trust Co. grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 24.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,321 shares of the entertainment giant's stock after purchasing an additional 3,609 shares during the period. Legacy Private Trust Co.'s holdings in Walt Disney were worth $1,808,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its position in shares of Walt Disney by 21.2% during the 1st quarter. Central Pacific Bank Trust Division now owns 23,572 shares of the entertainment giant's stock valued at $2,327,000 after acquiring an additional 4,125 shares in the last quarter. Versant Capital Management Inc increased its position in Walt Disney by 70.6% in the 1st quarter. Versant Capital Management Inc now owns 6,257 shares of the entertainment giant's stock worth $618,000 after buying an additional 2,589 shares during the period. First Hawaiian Bank increased its position in shares of Walt Disney by 27.6% during the first quarter. First Hawaiian Bank now owns 54,824 shares of the entertainment giant's stock valued at $5,411,000 after purchasing an additional 11,862 shares during the period. Marotta Asset Management boosted its stake in Walt Disney by 4.1% in the first quarter. Marotta Asset Management now owns 3,747 shares of the entertainment giant's stock worth $360,000 after purchasing an additional 149 shares in the last quarter. Finally, Marcum Wealth LLC lifted its stake in shares of Walt Disney by 5.8% during the first quarter. Marcum Wealth LLC now owns 11,041 shares of the entertainment giant's stock valued at $1,090,000 after acquiring an additional 603 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of NYSE DIS traded up $1.03 during trading on Friday, hitting $113.05. The company had a trading volume of 12,878,557 shares, compared to its average volume of 10,048,260. The stock has a fifty day simple moving average of $97.05 and a two-hundred day simple moving average of $105.66. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The firm has a market capitalization of $203.24 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the firm posted $1.21 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Prescient Securities reduced their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. UBS Group raised 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. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. 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 research report on Monday, April 21st. Finally, Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $123.54.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the 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 transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

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.