First National Bank & Trust Co. of Newtown Sells 550 Shares of The Walt Disney Company $DIS

First National Bank & Trust Co. of Newtown lessened its holdings in The Walt Disney Company (NYSE:DIS) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,300 shares of the entertainment giant’s stock after selling 550 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Walt Disney were worth $1,401,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. grew its position in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the period. Kessler Investment Group LLC grew its position 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 worth $27,000 after buying an additional 200 shares during the period. First PREMIER Bank grew its position in shares of Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after buying an additional 205 shares during the period. Finally, Capitol Family Office Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $52,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several research reports. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Price Performance

NYSE DIS opened at $112.97 on Thursday. The company has a market cap of $203.11 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $116.50 and its two-hundred day simple moving average is $109.77.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.