Trust Co. of Oklahoma Sells 392 Shares of The Walt Disney Company (NYSE:DIS)

Trust Co. of Oklahoma cut its holdings in The Walt Disney Company (NYSE:DIS) by 2.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,581 shares of the entertainment giant’s stock after selling 392 shares during the period. Trust Co. of Oklahoma’s holdings in Walt Disney were worth $1,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Planned Solutions Inc. purchased a new position in Walt Disney in the fourth quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new position in Walt Disney in the fourth quarter valued at approximately $28,000. Fortis Group Advisors LLC purchased a new position in Walt Disney in the third quarter valued at approximately $30,000. Stone House Investment Management LLC lifted its stake in 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 during the last quarter. Finally, Partnership Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter valued at approximately $33,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

DIS traded up $0.59 during trading on Wednesday, reaching $98.59. The stock had a trading volume of 5,029,969 shares, compared to its average volume of 11,481,462. The stock has a market cap of $179.72 billion, a PE ratio of 107.19, a PEG ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The business has a 50-day moving average of $104.17 and a 200-day moving average of $104.81.

Walt Disney (NYSE:DIS) last released its 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 firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DIS shares. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Argus increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Raymond James increased their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Moffett Nathanson dropped their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, UBS Group dropped their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.44.

Insider Activity at Walt Disney

In related news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 legal filing with the SEC, which is available through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, 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 owned by insiders.

Walt Disney Company Profile

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.