Truist Financial Corp Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Truist Financial Corp trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,202,852 shares of the entertainment giant's stock after selling 18,915 shares during the quarter. Truist Financial Corp owned 0.07% of Walt Disney worth $118,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Brighton Jones LLC increased its position in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after acquiring an additional 1,904 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Walt Disney by 12.0% during the fourth quarter. Victory Capital Management Inc. now owns 662,659 shares of the entertainment giant's stock valued at $73,787,000 after purchasing an additional 71,141 shares during the period. Cookson Peirce & Co. Inc. bought a new position in Walt Disney during the fourth quarter valued at $293,000. Assetmark Inc. grew its holdings in Walt Disney by 330.0% during the fourth quarter. Assetmark Inc. now owns 139,247 shares of the entertainment giant's stock valued at $15,505,000 after purchasing an additional 106,862 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in Walt Disney by 13.6% during the fourth quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant's stock valued at $1,872,000 after purchasing an additional 2,016 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney 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 sale, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Walt Disney Price Performance

NYSE:DIS opened at $123.98 on Friday. The firm has a market capitalization of $222.88 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 1.81 and a beta of 1.56. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a fifty day moving average of $111.87 and a 200 day moving average of $106.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the company earned $1.21 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group increased 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. Guggenheim increased their price objective on 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 objective on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Five investment 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.83.

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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