First National Trust Co Decreases Stock Holdings in The Walt Disney Company $DIS

First National Trust Co reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,003 shares of the entertainment giant’s stock after selling 127 shares during the quarter. First National Trust Co’s holdings in Walt Disney were worth $2,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter valued at about $26,000. Harbor Asset Planning Inc. purchased a new stake in Walt Disney in the second quarter valued at about $37,000. RMG Wealth Management LLC purchased a new stake in Walt Disney in the second quarter valued at about $49,000. Finally, Wolff Wiese Magana LLC raised its stake in Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after buying an additional 135 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DIS. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Evercore ISI increased their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Susquehanna reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Down 0.6%

Walt Disney stock opened at $111.71 on Wednesday. The firm has a market cap of $200.85 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.47 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 business’s 50-day moving average price is $114.47 and its 200 day moving average price is $112.32. The company has a quick ratio of 0.66, a current ratio of 0.72 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 firm had revenue of $23.65 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.39 earnings per share. As a group, sell-side analysts anticipate 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.