Truist Financial Corp Sells 15,269 Shares of The Walt Disney Company $DIS

Truist Financial Corp reduced its holdings in The Walt Disney Company (NYSE:DIS) by 1.3% during the 2nd quarter, Holdings Channel reports. The fund owned 1,187,583 shares of the entertainment giant’s stock after selling 15,269 shares during the quarter. Truist Financial Corp’s holdings in Walt Disney were worth $147,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. J. Safra Sarasin Holding AG lifted its position in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after purchasing an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new position in Walt Disney during the 1st quarter worth $326,000. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC increased its stake in shares of Walt Disney by 8,744.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares during the period. Finally, WoodTrust Financial Corp raised its position in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after acquiring an additional 6,047 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.3%

Shares of NYSE DIS opened at $114.47 on Wednesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market cap of $205.81 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.66 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average is $116.70 and its 200-day moving average is $109.75.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.18.

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.