United Bank Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

United Bank raised its holdings in The Walt Disney Company (NYSE:DIS) by 11.9% during the 1st quarter, Holdings Channel reports. The firm owned 15,955 shares of the entertainment giant’s stock after buying an additional 1,699 shares during the quarter. United Bank’s holdings in Walt Disney were worth $1,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DIS. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the fourth quarter worth approximately $27,000. Kessler Investment Group LLC increased its holdings in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $32,000. Copia Wealth Management bought a new position in Walt Disney in the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.3%

NYSE:DIS traded up $0.40 on Tuesday, reaching $121.24. The company’s stock had a trading volume of 1,224,867 shares, compared to its average volume of 9,959,587. The firm has a market cap of $217.96 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. The stock has a 50 day moving average price of $117.00 and a 200 day moving average price of $106.95. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.

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 analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DIS. Wall Street Zen downgraded Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Barclays lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, Guggenheim increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $128.13.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Walt Disney 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.