Trust Co. of Oklahoma decreased its position in The Walt Disney Company (NYSE:DIS – Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,605 shares of the entertainment giant’s stock after selling 2,272 shares during the period. Trust Co. of Oklahoma’s holdings in Walt Disney were worth $1,572,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in DIS. Moneta Group Investment Advisors LLC lifted its stake in shares of Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares during the period. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter valued at $1,433,075,000. Providence Capital Advisors LLC boosted its stake in Walt Disney by 11,064.4% during the first quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock valued at $109,679,000 after buying an additional 10,883,859 shares in the last quarter. Trian Fund Management L.P. acquired a new position in Walt Disney during the fourth quarter worth about $784,509,000. Finally, Morgan Stanley lifted its holdings in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares during the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.
Analyst Ratings Changes
DIS has been the topic of several recent research reports. Loop Capital lowered their price objective on shares of Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. KeyCorp dropped their price target on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 25th. Atlantic Securities lowered Walt Disney from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Raymond James started coverage on Walt Disney in a research report on Monday. They set an “outperform” rating and a $97.00 target price on the stock. Finally, StockNews.com assumed coverage on Walt Disney in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.58.
Walt Disney Stock Down 0.6 %
Shares of Walt Disney stock opened at $85.03 on Tuesday. The Walt Disney Company has a 12-month low of $79.75 and a 12-month high of $118.18. The stock has a market capitalization of $155.58 billion, a P/E ratio of 69.13, a PEG ratio of 1.72 and a beta of 1.28. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $85.78 and a two-hundred day moving average price of $91.59.
Walt Disney (NYSE:DIS – Get Free Report) last announced its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion for the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. Equities analysts expect that The Walt Disney Company will post 3.68 earnings per share for the current year.
Insiders Place Their Bets
In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares of the company’s stock, valued at approximately $85,577.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.
About Walt Disney
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.
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