Washington Trust Bank Purchases 2,464 Shares of Walt Disney Co (NYSE:DIS)

Washington Trust Bank grew its position in Walt Disney Co (NYSE:DIS) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,725 shares of the entertainment giant’s stock after acquiring an additional 2,464 shares during the period. Walt Disney accounts for 1.3% of Washington Trust Bank’s portfolio, making the stock its 24th largest holding. Washington Trust Bank’s holdings in Walt Disney were worth $8,109,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Ballast Advisors LLC raised its stake in shares of Walt Disney by 15.0% in the second quarter. Ballast Advisors LLC now owns 2,248 shares of the entertainment giant’s stock valued at $251,000 after acquiring an additional 293 shares during the last quarter. Mitchell Capital Management Co. increased its holdings in shares of Walt Disney by 1.2% in the second quarter. Mitchell Capital Management Co. now owns 21,400 shares of the entertainment giant’s stock valued at $2,386,000 after purchasing an additional 260 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Walt Disney by 11.7% in the second quarter. State of Michigan Retirement System now owns 461,348 shares of the entertainment giant’s stock valued at $51,445,000 after purchasing an additional 48,157 shares in the last quarter. Accredited Investors Inc. increased its holdings in shares of Walt Disney by 2.3% in the second quarter. Accredited Investors Inc. now owns 7,779 shares of the entertainment giant’s stock valued at $867,000 after purchasing an additional 176 shares in the last quarter. Finally, Silversage Advisors acquired a new stake in shares of Walt Disney in the second quarter valued at approximately $281,000. Institutional investors own 62.66% of the company’s stock.

A number of brokerages recently weighed in on DIS. Sanford C. Bernstein lowered their price target on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a report on Wednesday, May 6th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, May 6th. Royal Bank of Canada cut their price target on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. SunTrust Banks boosted their price objective on shares of Walt Disney from $110.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Finally, Morgan Stanley boosted their price objective on shares of Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $125.35.

Shares of Walt Disney stock opened at $116.94 on Friday. The company has a 50 day moving average of $115.68 and a 200-day moving average of $117.27. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The company has a market cap of $211.22 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 13.50 and a beta of 1.10.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). The firm had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. Research analysts forecast that Walt Disney Co will post 1.38 earnings per share for the current year.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

See Also: Price to Earnings Ratio (PE) Basics

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

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