Pioneer Trust Bank N A OR Raises Position in The Walt Disney Company (NYSE:DIS)

Pioneer Trust Bank N A OR raised its position in shares of The Walt Disney Company (NYSE:DIS) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,755 shares of the entertainment giant’s stock after acquiring an additional 123 shares during the quarter. Walt Disney makes up approximately 1.6% of Pioneer Trust Bank N A OR’s holdings, making the stock its 27th largest position. Pioneer Trust Bank N A OR’s holdings in Walt Disney were worth $5,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DIS. GW Henssler & Associates Ltd. grew its stake in shares of Walt Disney by 2.0% in the 1st quarter. GW Henssler & Associates Ltd. now owns 6,825 shares of the entertainment giant’s stock worth $683,000 after buying an additional 133 shares during the last quarter. Ridgewood Investments LLC grew its stake in shares of Walt Disney by 31.0% in the first quarter. Ridgewood Investments LLC now owns 6,522 shares of the entertainment giant’s stock worth $653,000 after acquiring an additional 1,544 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Walt Disney by 6.5% during the first quarter. Handelsbanken Fonder AB now owns 454,608 shares of the entertainment giant’s stock valued at $45,520,000 after acquiring an additional 27,767 shares in the last quarter. Regal Partners Ltd purchased a new position in shares of Walt Disney in the 4th quarter worth about $28,203,000. Finally, Summit Place Financial Advisors LLC boosted its stake in Walt Disney by 2.0% in the 1st quarter. Summit Place Financial Advisors LLC now owns 27,634 shares of the entertainment giant’s stock worth $2,767,000 after purchasing an additional 551 shares in the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $85.03 on Tuesday. The stock has a market cap of $155.58 billion, a PE ratio of 69.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The Walt Disney Company has a 1 year low of $79.75 and a 1 year high of $118.18. The firm has a fifty day moving average price of $85.78 and a 200-day moving average price of $91.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. During the same quarter in the prior year, the business posted $1.09 EPS. Walt Disney’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the sale, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DIS shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Barclays cut their target price on Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Atlantic Securities cut Walt Disney from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Evercore ISI dropped their price objective on Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Finally, Wells Fargo & Company decreased their target price on Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.58.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.