Truist Financial Corp Has $147.27 Million Stock Holdings in The Walt Disney Company $DIS

Truist Financial Corp decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,187,583 shares of the entertainment giant’s stock after selling 15,269 shares during the quarter. Truist Financial Corp owned approximately 0.07% of Walt Disney worth $147,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Brighton Jones LLC boosted its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. NBC Securities Inc. raised its position in shares of Walt Disney by 109,828.6% in the first quarter. NBC Securities Inc. now owns 15,390 shares of the entertainment giant’s stock valued at $1,519,000 after purchasing an additional 15,376 shares during the period. LVW Advisors LLC lifted its stake in shares of Walt Disney by 9.8% in the first quarter. LVW Advisors LLC now owns 6,005 shares of the entertainment giant’s stock worth $593,000 after buying an additional 535 shares during the last quarter. Gradient Investments LLC boosted its holdings in shares of Walt Disney by 48.7% during the 1st quarter. Gradient Investments LLC now owns 5,522 shares of the entertainment giant’s stock worth $545,000 after buying an additional 1,808 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in shares of Walt Disney by 47.0% during the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock worth $5,643,000 after buying an additional 18,272 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.3%

NYSE DIS opened at $114.47 on Wednesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market capitalization of $205.81 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.66 and a beta of 1.55. The stock’s 50 day moving average is $116.70 and its two-hundred day moving average is $109.75. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DIS shares. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Morgan Stanley increased their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities raised their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $131.18.

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.