Moody National Bank Trust Division Increases Holdings in The Walt Disney Company (NYSE:DIS)

Moody National Bank Trust Division boosted its position in The Walt Disney Company (NYSE:DISFree Report) by 3.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,090 shares of the entertainment giant’s stock after purchasing an additional 717 shares during the period. Moody National Bank Trust Division’s holdings in Walt Disney were worth $2,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the fourth quarter valued at $26,000. Gold Investment Management Ltd. purchased a new position in Walt Disney during the 4th quarter valued at about $28,000. Fortis Group Advisors LLC acquired a new position in Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC lifted its holdings in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $33,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.0 %

DIS stock traded down $0.02 during midday trading on Wednesday, reaching $101.50. 7,044,674 shares of the company’s stock traded hands, compared to its average volume of 8,173,771. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The business has a 50-day moving average price of $106.76 and a two-hundred day moving average price of $104.20. The company has a market capitalization of $185.04 billion, a P/E ratio of 110.33, a PEG ratio of 1.26 and a beta of 1.40.

Walt Disney (NYSE:DISGet Free Report) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DIS. Wells Fargo & Company lifted their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Raymond James lifted their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $126.29.

Get Our Latest Research Report on Walt Disney

About Walt Disney

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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