Washington Trust Bank Purchases 6,357 Shares of The Walt Disney Company (NYSE:DIS)

Washington Trust Bank raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Fullcircle Wealth LLC increased its stake in Walt Disney by 7.6% during the 1st quarter. Fullcircle Wealth LLC now owns 19,086 shares of the entertainment giant's stock valued at $1,721,000 after purchasing an additional 1,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased 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 acquiring an additional 11,468 shares during the period. TD Private Client Wealth LLC increased 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 acquiring an additional 5,958 shares during the period. Capital Advisors Inc. OK increased its stake in shares of Walt Disney by 16.5% in the first quarter. Capital Advisors Inc. OK now owns 11,054 shares of the entertainment giant's stock worth $1,091,000 after acquiring an additional 1,567 shares during the period. Finally, Roffman Miller Associates Inc. PA increased its stake in shares of Walt Disney by 0.6% in the first quarter. Roffman Miller Associates Inc. PA now owns 232,657 shares of the entertainment giant's stock worth $22,963,000 after acquiring an additional 1,322 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 transaction, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Down 0.6%

NYSE:DIS traded down $0.80 during trading hours on Tuesday, hitting $122.36. The stock had a trading volume of 1,783,992 shares, compared to its average volume of 9,999,255. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. 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 company has a market cap of $219.97 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The business has a 50 day simple moving average of $112.53 and a two-hundred day simple moving average of $106.38.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DIS. Barclays boosted their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, UBS Group raised their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus 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.