Legacy Private Trust Co. Acquires 2,660 Shares of The Walt Disney Company $DIS

Legacy Private Trust Co. raised its holdings in The Walt Disney Company (NYSE:DIS) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,981 shares of the entertainment giant’s stock after purchasing an additional 2,660 shares during the period. Legacy Private Trust Co.’s holdings in Walt Disney were worth $2,602,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney during the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at $27,000. Kessler Investment Group LLC raised its stake in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management purchased a new stake in Walt Disney during the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney in the 4th quarter worth about $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

Walt Disney stock opened at $116.02 on Monday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market cap of $208.60 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. The firm’s fifty day moving average price is $118.34 and its 200-day moving average price is $108.99.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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.