Canandaigua National Bank & Trust Co. Invests $2.34 Million in The Walt Disney Company $DIS

Canandaigua National Bank & Trust Co. purchased a new stake in The Walt Disney Company (NYSE:DIS) during the second quarter, according to its most recent filing with the SEC. The firm purchased 24,294 shares of the entertainment giant’s stock, valued at approximately $2,338,000.

A number of other hedge funds have also modified their holdings of DIS. J. Stern & Co. LLP increased its stake in Walt Disney by 9,060.1% in the fourth quarter. J. Stern & Co. LLP now owns 38,135,363 shares of the entertainment giant’s stock valued at $4,338,660,000 after purchasing an additional 37,719,041 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter worth $2,388,278,000. Viking Global Investors LP bought a new position in shares of Walt Disney during the second quarter worth $725,219,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Walt Disney by 62.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,876,878 shares of the entertainment giant’s stock valued at $1,578,773,000 after buying an additional 5,334,866 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Walt Disney by 37.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,569,185 shares of the entertainment giant’s stock valued at $1,429,996,000 after buying an additional 3,450,198 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Walt Disney

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Disney agreed to sell its 50% stake in A+E Global Media to Hearst for approximately $1.2 billion in cash. The transaction gives Hearst full ownership of Lifetime, The History Channel and other brands, while providing Disney with cash and further simplifying its media portfolio. Reuters article
• Positive Sentiment: “Spider-Man: Brand New Day” reportedly delivered a record-setting domestic opening weekend and is tracking toward the second-biggest opening in U.S. history. The performance reinforces investor interest in Disney’s premium superhero franchises and could support its studio and licensing businesses. Yahoo Finance article
• Neutral Sentiment: Disney’s fiscal third-quarter report is the immediate catalyst. Analysts expect roughly $25.48 billion in revenue, while options markets imply a potentially large post-earnings move. Disney has a history of exceeding estimates, but investors appear to require more than an earnings beat—particularly encouraging guidance and evidence of sustained streaming, parks and studio momentum. Investopedia article
• Neutral Sentiment: Disney also announced Joe Schott’s return as president of Walt Disney World. The leadership change and new park experiences may support long-term attendance and engagement, but are unlikely to materially affect the stock ahead of earnings.

Analyst Upgrades and Downgrades

DIS has been the topic of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $126.00 price objective on shares of Walt Disney in a research note on Tuesday, July 7th. Truist Financial set a $115.00 price target on Walt Disney in a report on Monday. JPMorgan Chase & Co. raised their price target on Walt Disney from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Phillip Securities upgraded Walt Disney from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, UBS Group decreased their price objective on Walt Disney from $138.00 to $133.00 and set a “buy” rating for the company in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.59.

Walt Disney Trading Up 0.0%

DIS opened at $98.18 on Wednesday. The stock has a market capitalization of $170.49 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.29 and a beta of 1.39. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.33. The Walt Disney Company has a 12 month low of $92.18 and a 12 month high of $119.78. The firm’s fifty day simple moving average is $98.90 and its 200 day simple moving average is $102.02.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 6th. The entertainment giant reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Walt Disney had a return on equity of 8.92% and a net margin of 11.54%.The firm had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The company’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that The Walt Disney Company will post 6.83 EPS for the current fiscal year.

About Walt Disney

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.