M&T Bank Corp lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 841,461 shares of the entertainment giant's stock after selling 71,480 shares during the quarter. M&T Bank Corp's holdings in Walt Disney were worth $83,052,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter valued at about $27,000. Kessler Investment Group LLC raised its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the 4th quarter valued at $32,000. Copia Wealth Management bought a new stake in Walt Disney in the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Walt Disney in the fourth quarter worth $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Insider Transactions at Walt Disney
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on DIS shares. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Guggenheim increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Barclays raised 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. Finally, UBS Group lifted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.83.
View Our Latest Stock Analysis on DIS
Walt Disney Stock Down 1.0%
Shares of DIS traded down $1.25 during mid-day trading on Tuesday, hitting $121.91. The company's stock had a trading volume of 6,619,041 shares, compared to its average volume of 10,018,104. The company's 50-day moving average is $112.53 and its 200-day moving average is $106.38. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a market capitalization of $219.16 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.81 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.
Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 EPS. On average, equities research analysts forecast 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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