Trust Co of Kansas Decreases Holdings in The Walt Disney Company $DIS

Key Points

• Trust Co of Kansas has reduced its holdings in The Walt Disney Company ($DIS) by 15%, now owning 41,972 shares valued at approximately $5.2 million.
• Notable increases in Walt Disney holdings have been reported by other investors, including DiNuzzo Private Wealth Inc., which grew its stake by 82.5%.
• Walt Disney recently reported $1.61 EPS for its quarterly earnings, exceeding estimates, with projected earnings for the fiscal year expected to be around $5.47 EPS.

Trust Co of Kansas cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,972 shares of the entertainment giant's stock after selling 7,400 shares during the quarter. Walt Disney accounts for approximately 2.5% of Trust Co of Kansas' holdings, making the stock its 19th biggest holding. Trust Co of Kansas' holdings in Walt Disney were worth $5,205,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DIS. DiNuzzo Private Wealth Inc. grew its holdings in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the first quarter worth approximately $26,000. Kessler Investment Group LLC grew its holdings in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock worth $57,000 after purchasing an additional 135 shares during the last quarter. Finally, First PREMIER Bank grew its holdings in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS opened at $112.97 on Thursday. The stock has a 50-day moving average price of $116.50 and a 200-day moving average price of $109.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market cap of $203.11 billion, a PE ratio of 17.71, a P/E/G ratio of 1.66 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average target price 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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