The Walt Disney Company (NYSE:DIS) Stock Position Raised by BankPlus Trust Department

BankPlus Trust Department grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,895 shares of the entertainment giant's stock after buying an additional 2,723 shares during the quarter. BankPlus Trust Department's holdings in Walt Disney were worth $1,668,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Norges Bank bought a new position in shares of Walt Disney in the 4th quarter worth about $2,415,427,000. Bank of New York Mellon Corp boosted its holdings in shares of Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of DIS traded down $1.74 during mid-day trading on Friday, hitting $119.82. The company's stock had a trading volume of 6,107,624 shares, compared to its average volume of 10,007,466. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a 50-day moving average price of $114.90 and a 200 day moving average price of $106.70. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market capitalization of $215.41 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.78 and a beta of 1.56.

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 (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for 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%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on DIS. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and increased their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Wall Street Zen upgraded Walt Disney from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Finally, Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday. Five 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $127.35.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

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.