Cullen Frost Bankers Inc. Sells 12,251 Shares of The Walt Disney Company (NYSE:DIS)

Cullen Frost Bankers Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,075 shares of the entertainment giant’s stock after selling 12,251 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $16,078,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DIS. Avitas Wealth Management LLC increased its holdings in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after buying an additional 238 shares during the last quarter. WNY Asset Management LLC increased its holdings in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after buying an additional 2,304 shares during the last quarter. Pathway Financial Advisors LLC increased its holdings in Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after buying an additional 141 shares during the last quarter. Telos Capital Management Inc. increased its holdings in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares during the last quarter. Finally, Tempus Wealth Planning LLC increased its holdings in Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after buying an additional 546 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.1 %

Shares of DIS stock traded up $0.07 during trading hours on Wednesday, hitting $105.46. 15,221,881 shares of the company were exchanged, compared to its average volume of 12,100,998. The firm has a market cap of $193.45 billion, a P/E ratio of 65.10, a P/E/G ratio of 1.39 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a 50 day simple moving average of $114.59 and a two-hundred day simple moving average of $101.21.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter last year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Company will post 4.7 EPS for the current year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DIS. Raymond James boosted their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Bank of America upped their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.46.

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.