The Walt Disney Company $DIS Stock Holdings Lessened by Trust Co. of Vermont

Key Points

• Trust Co. of Vermont reduced its stake in The Walt Disney Company by 5.2%, now holding 45,181 shares worth approximately $5.6 million.
• Walt Disney reported an earnings per share of $1.61 for the last quarter, exceeding analysts' expectations of $1.45, with revenue totaling $23.65 billion.
• Barclays has increased its price target for Disney shares from $120.00 to $140.00, while other analysts maintain a generally positive outlook with 19 recommending a Buy rating.

Trust Co. of Vermont trimmed its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,181 shares of the entertainment giant's stock after selling 2,493 shares during the quarter. Trust Co. of Vermont's holdings in Walt Disney were worth $5,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in DIS. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney in the second quarter worth approximately $4,220,599,000. Nuveen LLC purchased a new stake in shares of Walt Disney in the first quarter worth approximately $1,353,607,000. Diamond Hill Capital Management Inc. lifted its position in shares of Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after purchasing an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after buying an additional 1,642,907 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $114.47 on Wednesday. The stock has a 50-day simple moving average of $116.70 and a 200 day simple moving average of $109.75. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market capitalization of $205.81 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.66 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Stephens restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.18.

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.

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