OLD National Bancorp IN Sells 3,081 Shares of The Walt Disney Company $DIS

OLD National Bancorp IN decreased its stake in The Walt Disney Company (NYSE:DIS) by 17.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,934 shares of the entertainment giant’s stock after selling 3,081 shares during the period. OLD National Bancorp IN’s holdings in Walt Disney were worth $1,852,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. MBL Wealth LLC raised its position in Walt Disney by 12.7% in the second quarter. MBL Wealth LLC now owns 2,576 shares of the entertainment giant’s stock worth $319,000 after acquiring an additional 291 shares during the period. Capital City Trust Co. FL bought a new stake in Walt Disney in the second quarter worth about $243,000. Sutton Place Investors LLC bought a new stake in Walt Disney in the second quarter worth about $276,000. Hill Island Financial LLC raised its position in Walt Disney by 24.2% in the second quarter. Hill Island Financial LLC now owns 2,809 shares of the entertainment giant’s stock worth $348,000 after acquiring an additional 547 shares during the period. Finally, BridgePort Financial Solutions LLC raised its position in Walt Disney by 6.0% in the second quarter. BridgePort Financial Solutions LLC now owns 6,254 shares of the entertainment giant’s stock worth $776,000 after acquiring an additional 352 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DIS. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Saturday, September 27th. UBS Group lifted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Loop Capital lifted 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. Finally, Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $112.83 on Tuesday. The company has a 50 day moving average of $115.97 and a 200 day moving average of $110.19. The stock has a market cap of $202.86 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. 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 issued 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 company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS 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.