The Walt Disney Company (NYSE:DIS) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. raised its stake in The Walt Disney Company (NYSE:DIS) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 329,193 shares of the entertainment giant’s stock after buying an additional 6,138 shares during the period. Whittier Trust Co.’s holdings in Walt Disney were worth $31,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. ESL Trust Services LLC purchased a new position in shares of Walt Disney in the first quarter valued at $31,000. William B. Walkup & Associates Inc. acquired a new position in Walt Disney during the second quarter worth about $32,000. Red Tortoise LLC lifted its holdings in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares in the last quarter. O Brien Wealth Partners LLC purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $51,000. Finally, Mascoma Wealth Management LLC raised its position in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS traded down $0.99 during midday trading on Monday, hitting $96.29. The company had a trading volume of 4,966,548 shares, compared to its average volume of 10,952,421. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The firm’s 50-day simple moving average is $91.72 and its 200-day simple moving average is $98.75. The company has a market capitalization of $175.54 billion, a PE ratio of 105.74, a P/E/G ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

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

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were 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 approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Bank of America reduced their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney 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.