Wesbanco Bank Inc. Buys 4,291 Shares of The Walt Disney Company (NYSE:DIS)

Wesbanco Bank Inc. boosted its stake in The Walt Disney Company (NYSE:DIS) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,601 shares of the entertainment giant’s stock after purchasing an additional 4,291 shares during the quarter. Wesbanco Bank Inc.’s holdings in Walt Disney were worth $5,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DIS. Trek Financial LLC raised its holdings in shares of Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after acquiring an additional 30,057 shares in the last quarter. Greystone Financial Group LLC raised its holdings in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after acquiring an additional 9,967 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at about $446,000. Merit Financial Group LLC raised its holdings in shares of Walt Disney by 47.0% in the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock valued at $5,643,000 after acquiring an additional 18,272 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its holdings in shares of Walt Disney by 2.9% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant’s stock valued at $397,667,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS opened at $113.95 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The stock has a market capitalization of $204.85 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The stock’s 50 day moving average price is $98.47 and its 200-day moving average price is $105.70.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on DIS shares. Guggenheim lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. UBS Group raised their price objective on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, Barclays raised their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.75.

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.