US Bancorp DE Reduces Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• US Bancorp DE has reduced its stake in The Walt Disney Company by 7.2%, selling 77,458 shares and retaining approximately 991,239 shares valued at $97.8 million.
• Walt Disney reported $1.45 earnings per share for the last quarter, surpassing estimates, with a revenue of $23.62 billion, reflecting a 7% year-over-year increase.
• Multiple brokerages have increased their target prices for Disney, with UBS raising it from $120 to $138, indicating strong analyst support for the stock.

US Bancorp DE cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 991,239 shares of the entertainment giant's stock after selling 77,458 shares during the quarter. US Bancorp DE owned about 0.05% of Walt Disney worth $97,835,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DIS. BCGM Wealth Management LLC lifted its position in shares of Walt Disney by 6.8% during the first quarter. BCGM Wealth Management LLC now owns 23,583 shares of the entertainment giant's stock worth $2,328,000 after purchasing an additional 1,503 shares during the last quarter. Nicolet Advisory Services LLC lifted its position in shares of Walt Disney by 11.1% during the first quarter. Nicolet Advisory Services LLC now owns 17,116 shares of the entertainment giant's stock worth $1,689,000 after purchasing an additional 1,710 shares during the last quarter. Invictus Private Wealth LLC lifted its position in shares of Walt Disney by 2,899.0% during the first quarter. Invictus Private Wealth LLC now owns 72,606 shares of the entertainment giant's stock worth $7,166,000 after purchasing an additional 70,185 shares during the last quarter. Lyell Wealth Management LP lifted its position in shares of Walt Disney by 2.2% during the first quarter. Lyell Wealth Management LP now owns 38,717 shares of the entertainment giant's stock worth $3,821,000 after purchasing an additional 827 shares during the last quarter. Finally, Grantvest Financial Group LLC lifted its position in shares of Walt Disney by 33.7% during the first quarter. Grantvest Financial Group LLC now owns 5,316 shares of the entertainment giant's stock worth $525,000 after purchasing an additional 1,339 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 2.1%

Shares of DIS stock traded down $2.54 during trading hours on Friday, reaching $116.57. 8,509,376 shares of the company's stock were exchanged, compared to its average volume of 6,590,457. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a market cap of $209.56 billion, a PE ratio of 23.84, a PEG ratio of 1.71 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock's fifty day moving average price is $118.76 and its two-hundred day moving average price is $107.72.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on DIS. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $128.70.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business'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 approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

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.