The Walt Disney Company (NYSE:DIS) Shares Sold by NBT Bank N A NY

NBT Bank N A NY lessened its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,783 shares of the entertainment giant's stock after selling 5,048 shares during the period. NBT Bank N A NY's holdings in Walt Disney were worth $5,999,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. bought a new position in Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc lifted its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after buying an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $34,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Rosenblatt Securities increased their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, Guggenheim cut their target price on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.96.

Walt Disney Trading Up 1.3%

NYSE:DIS opened at $119.43 on Tuesday. The stock has a market cap of $214.71 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock's 50-day moving average is $102.33 and its two-hundred day moving average is $105.78.

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 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 in the previous year, the firm posted $1.21 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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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