Burke & Herbert Bank & Trust Co. Sells 678 Shares of The Walt Disney Company (NYSE:DIS)

Burke & Herbert Bank & Trust Co. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.6% in the third quarter, Holdings Channel reports. The firm owned 24,913 shares of the entertainment giant’s stock after selling 678 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Walt Disney were worth $2,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Ballentine Partners LLC lifted its position in shares of Walt Disney by 10.5% during the 3rd quarter. Ballentine Partners LLC now owns 24,394 shares of the entertainment giant’s stock worth $2,346,000 after buying an additional 2,310 shares during the period. Harbour Trust & Investment Management Co raised its stake in shares of Walt Disney by 3.3% in the third quarter. Harbour Trust & Investment Management Co now owns 59,136 shares of the entertainment giant’s stock valued at $5,688,000 after acquiring an additional 1,870 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in Walt Disney by 7.2% during the third quarter. Legacy Capital Group California Inc. now owns 15,574 shares of the entertainment giant’s stock worth $1,498,000 after purchasing an additional 1,048 shares during the last quarter. Tectonic Advisors LLC grew its position in Walt Disney by 13.9% in the third quarter. Tectonic Advisors LLC now owns 14,433 shares of the entertainment giant’s stock valued at $1,388,000 after purchasing an additional 1,763 shares in the last quarter. Finally, Spirit of America Management Corp NY lifted its position in Walt Disney by 1.5% during the 3rd quarter. Spirit of America Management Corp NY now owns 20,900 shares of the entertainment giant’s stock worth $2,010,000 after buying an additional 300 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DIS. Barclays decreased their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target 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. Morgan Stanley dropped their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Bank of America dropped their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Up 1.2 %

Shares of Walt Disney stock traded up $1.19 during trading hours on Friday, reaching $96.59. The company’s stock had a trading volume of 629,997 shares, compared to its average volume of 10,835,470. 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 stock’s fifty day simple moving average is $92.36 and its two-hundred day simple moving average is $98.44. The company has a market capitalization of $176.09 billion, a P/E ratio of 103.73, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (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 company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

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.