Town & Country Bank & Trust CO dba First Bankers Trust CO Cuts Stake in The Walt Disney Company (NYSE:DIS)

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its stake in The Walt Disney Company (NYSE:DIS) by 4.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 20,842 shares of the entertainment giant’s stock after selling 880 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Walt Disney were worth $2,005,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. grew its stake in shares of Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after buying an additional 916,772 shares during the period. Jennison Associates LLC acquired a new stake in Walt Disney during the first quarter worth about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after purchasing an additional 22,568 shares during the period. Rheos Capital Works Inc. lifted its stake in shares of Walt Disney by 41.3% in the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Walt Disney by 555.9% during the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after purchasing an additional 810,923 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DIS shares. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Macquarie cut their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Bank of America decreased their target price 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. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Performance

Shares of DIS stock opened at $96.75 on Thursday. 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 company’s 50-day simple moving average is $91.29 and its 200-day simple moving average is $99.24. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The stock has a market capitalization of $176.38 billion, a price-to-earnings ratio of 105.16, a PEG ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping 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 company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.