Central Bank & Trust Co. Has $574,000 Stake in The Walt Disney Company (NYSE:DIS)

Central Bank & Trust Co. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.1% in the third quarter, Holdings Channel reports. The institutional investor owned 5,971 shares of the entertainment giant’s stock after selling 188 shares during the period. Central Bank & Trust Co.’s holdings in Walt Disney were worth $574,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DIS. Lmcg Investments LLC lifted its position in shares of Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares during the period. PGGM Investments acquired a new stake in Walt Disney during the first quarter worth $1,036,000. Nisa Investment Advisors LLC increased its holdings in Walt Disney by 22.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock valued at $67,803,000 after buying an additional 127,859 shares during the period. Advisors Asset Management Inc. increased its holdings in Walt Disney by 30.8% in the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after buying an additional 6,118 shares during the period. Finally, Founders Financial Securities LLC increased its stake in Walt Disney by 8.4% in the second quarter. Founders Financial Securities LLC now owns 14,603 shares of the entertainment giant’s stock valued at $1,450,000 after acquiring an additional 1,133 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DIS shares. UBS Group decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Wednesday, October 23rd. Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, Morgan Stanley decreased their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Performance

Shares of DIS stock opened at $95.79 on Tuesday. The stock has a 50-day moving average of $93.24 and a 200-day moving average of $97.22. The Walt Disney Company has a one year low of $83.59 and a one year high of $123.74. The stock has a market cap of $173.72 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $23.08 billion. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought 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 directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by 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.