The Walt Disney Company (NYSE:DIS) Shares Bought by Morton Community Bank

Morton Community Bank boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,235 shares of the entertainment giant’s stock after buying an additional 1,725 shares during the quarter. Morton Community Bank’s holdings in Walt Disney were worth $2,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the fourth quarter valued at $28,000. ESL Trust Services LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at about $31,000. Partnership Wealth Management LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at about $33,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth about $37,000. Finally, Mascoma Wealth Management LLC grew its holdings in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.8 %

Shares of NYSE DIS traded down $0.71 during trading on Friday, hitting $87.94. 7,791,503 shares of the company were exchanged, compared to its average volume of 11,356,279. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a fifty day moving average price of $91.98 and a 200-day moving average price of $103.22. The firm has a market capitalization of $160.32 billion, a PE ratio of 95.59, a P/E/G ratio of 1.34 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on DIS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC reduced their price target on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $117.95.

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.