WASHINGTON TRUST Co Acquires 3,945 Shares of The Walt Disney Company $DIS

WASHINGTON TRUST Co lifted its position in The Walt Disney Company (NYSE:DIS) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,712 shares of the entertainment giant’s stock after purchasing an additional 3,945 shares during the quarter. WASHINGTON TRUST Co’s holdings in Walt Disney were worth $16,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Kondo Wealth Advisors Inc. raised its holdings in Walt Disney by 1.2% in the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after acquiring an additional 84 shares in the last quarter. Cornerstone Advisory LLC lifted its position in Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after buying an additional 86 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of Walt Disney by 3.3% during the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after buying an additional 87 shares during the period. Finally, Apollon Financial LLC raised its stake in shares of Walt Disney by 1.5% in the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after purchasing an additional 87 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 8.2%

Shares of DIS stock traded down $9.58 during mid-day trading on Thursday, hitting $107.07. 11,609,438 shares of the stock traded hands, compared to its average volume of 9,257,270. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $192.51 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.45 and a beta of 1.55. The stock’s fifty day moving average is $113.25 and its two-hundred day moving average is $114.34.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter last year, the company earned $1.14 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Walt Disney in a research note on Wednesday. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

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.