Whittier Trust Co. Boosts Stock Position in The Walt Disney Company $DIS

Key Points

• Whittier Trust Co. increased its stake in The Walt Disney Company by 3.3%, now owning 347,312 shares worth approximately $43 million.
• Analysts have raised their price targets for Walt Disney, with Morgan Stanley and Evercore ISI both increasing theirs to $140, reflecting a positive outlook on the stock.
• The company's shares opened at $112.01, with a market cap of $201.39 billion and earnings per share of $1.61 reported in its latest quarter.

Whittier Trust Co. increased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,312 shares of the entertainment giant's stock after purchasing an additional 10,954 shares during the quarter. Whittier Trust Co.'s holdings in Walt Disney were worth $43,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after buying an additional 94 shares during the last quarter. Kessler Investment Group LLC boosted its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the 2nd quarter worth about $37,000. Finally, RMG Wealth Management LLC acquired a new stake in Walt Disney in the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Evercore ISI raised their price target on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $132.90.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $112.01 on Tuesday. The company has a market cap of $201.39 billion, a P/E ratio of 17.56, a PEG ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business's 50-day simple moving average is $114.85 and its 200 day simple moving average is $111.19.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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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