Washington Trust Bank Acquires 3,106 Shares of The Walt Disney Company (NYSE:DIS)

Washington Trust Bank grew its holdings in The Walt Disney Company (NYSE:DIS) by 2.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 127,232 shares of the entertainment giant’s stock after buying an additional 3,106 shares during the quarter. Washington Trust Bank’s holdings in Walt Disney were worth $12,238,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Quent Capital LLC boosted its stake in Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after acquiring an additional 327 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Walt Disney by 9.4% in the 1st quarter. Advisory Services Network LLC now owns 61,733 shares of the entertainment giant’s stock worth $7,554,000 after purchasing an additional 5,298 shares in the last quarter. MGB Wealth Management LLC purchased a new position in Walt Disney during the 1st quarter worth $245,000. Empirical Finance LLC increased its position in Walt Disney by 3.5% during the 1st quarter. Empirical Finance LLC now owns 66,219 shares of the entertainment giant’s stock valued at $8,103,000 after buying an additional 2,239 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Walt Disney by 24.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 75,811 shares of the entertainment giant’s stock valued at $9,276,000 after buying an additional 14,809 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock traded down $0.15 during trading hours on Thursday, hitting $98.74. 601,037 shares of the company’s stock were exchanged, compared to its average volume of 10,705,173. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a market cap of $179.07 billion, a P/E ratio of 38.03, a P/E/G ratio of 1.52 and a beta of 1.40. The firm has a 50 day moving average of $93.54 and a two-hundred day moving average of $97.12. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the prior year, the company earned $1.03 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DIS shares. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research note on Wednesday, October 23rd. Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Bank of America dropped their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney 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.