Washington Trust Bank Boosts Stake in The Walt Disney Company (NYSE:DIS)

Washington Trust Bank increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,580 shares of the entertainment giant's stock after purchasing an additional 6,357 shares during the quarter. Washington Trust Bank's holdings in Walt Disney were worth $12,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Fullcircle Wealth LLC grew its stake in shares of Walt Disney by 7.6% in the first quarter. Fullcircle Wealth LLC now owns 19,086 shares of the entertainment giant's stock worth $1,721,000 after purchasing an additional 1,340 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Walt Disney by 37.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 41,969 shares of the entertainment giant's stock worth $4,142,000 after purchasing an additional 11,468 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Walt Disney by 26.7% in the first quarter. TD Private Client Wealth LLC now owns 28,252 shares of the entertainment giant's stock worth $2,788,000 after purchasing an additional 5,958 shares during the last quarter. Capital Advisors Inc. OK boosted its position in Walt Disney by 16.5% during the 1st quarter. Capital Advisors Inc. OK now owns 11,054 shares of the entertainment giant's stock valued at $1,091,000 after acquiring an additional 1,567 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA boosted its position in Walt Disney by 0.6% during the 1st quarter. Roffman Miller Associates Inc. PA now owns 232,657 shares of the entertainment giant's stock valued at $22,963,000 after acquiring an additional 1,322 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

DIS traded down $0.83 during mid-day trading on Monday, reaching $123.17. 6,973,733 shares of the company traded hands, compared to its average volume of 10,031,586. The stock has a market capitalization of $221.43 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.81 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company's fifty day moving average price is $111.87 and its 200-day moving average price is $106.30. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during 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 company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on DIS shares. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, UBS Group boosted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.83.

Insider Activity at Walt Disney

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 value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.16% of the stock is owned by company 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.