FARMERS & MERCHANTS TRUST Co OF LONG BEACH Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,136 shares of the entertainment giant’s stock after selling 2,266 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walt Disney were worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Wynn Capital LLC lifted its position in shares of Walt Disney by 0.7% in the third quarter. Wynn Capital LLC now owns 16,793 shares of the entertainment giant’s stock valued at $1,615,000 after acquiring an additional 119 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Walt Disney by 347.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,541 shares of the entertainment giant’s stock valued at $1,398,000 after purchasing an additional 11,294 shares during the last quarter. DLK Investment Management LLC lifted its holdings in Walt Disney by 3.8% in the 3rd quarter. DLK Investment Management LLC now owns 32,299 shares of the entertainment giant’s stock valued at $3,107,000 after purchasing an additional 1,189 shares in the last quarter. Successful Portfolios LLC boosted its stake in shares of Walt Disney by 2.1% during the 3rd quarter. Successful Portfolios LLC now owns 9,078 shares of the entertainment giant’s stock worth $873,000 after purchasing an additional 184 shares during the last quarter. Finally, Profit Investment Management LLC grew its holdings in shares of Walt Disney by 3.0% during the third quarter. Profit Investment Management LLC now owns 11,608 shares of the entertainment giant’s stock worth $1,117,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Up 1.2 %

NYSE DIS opened at $94.14 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74. The stock has a market capitalization of $170.73 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The stock has a fifty day moving average of $90.85 and a 200-day moving average of $99.94.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DIS. Moffett Nathanson decreased their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, The Goldman Sachs Group began coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.20.

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.