American National Bank Purchases 6,261 Shares of The Walt Disney Company (NYSE:DIS)

American National Bank grew its stake in shares of The Walt Disney Company (NYSE:DISFree Report) by 55.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,532 shares of the entertainment giant’s stock after acquiring an additional 6,261 shares during the period. American National Bank’s holdings in Walt Disney were worth $2,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in shares of Walt Disney by 13.6% in the third quarter. Acadian Asset Management LLC now owns 22,595 shares of the entertainment giant’s stock valued at $1,829,000 after acquiring an additional 2,698 shares during the period. Regal Investment Advisors LLC grew its position in Walt Disney by 5.4% during the third quarter. Regal Investment Advisors LLC now owns 18,099 shares of the entertainment giant’s stock valued at $1,467,000 after acquiring an additional 932 shares during the last quarter. Rodgers Brothers Inc. grew its holdings in shares of Walt Disney by 119.7% during the 3rd quarter. Rodgers Brothers Inc. now owns 63,531 shares of the entertainment giant’s stock valued at $5,149,000 after purchasing an additional 34,615 shares during the last quarter. Motley Fool Asset Management LLC raised its position in Walt Disney by 9.4% in the 3rd quarter. Motley Fool Asset Management LLC now owns 47,057 shares of the entertainment giant’s stock worth $3,814,000 after purchasing an additional 4,038 shares during the period. Finally, Mariner LLC boosted its position in Walt Disney by 5.8% during the third quarter. Mariner LLC now owns 927,644 shares of the entertainment giant’s stock valued at $75,185,000 after buying an additional 50,901 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Walt Disney Price Performance

Shares of DIS stock traded up $0.43 on Friday, hitting $102.27. 14,009,931 shares of the stock traded hands, compared to its average volume of 11,484,685. 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 52 week low of $78.73 and a 52 week high of $123.74. The firm has a 50 day simple moving average of $106.14 and a two-hundred day simple moving average of $104.16. The firm has a market cap of $186.44 billion, a price-to-earnings ratio of 111.14, a PEG ratio of 1.26 and a beta of 1.40.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DIS shares. Macquarie boosted their target price on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a research note on Tuesday, May 7th. Wells Fargo & Company raised their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Rosenblatt Securities increased their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.29.

Read Our Latest Report on DIS

Walt Disney Profile

(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.

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

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