Cadence Bank Acquires 1,628 Shares of The Walt Disney Company (NYSE:DIS)

Cadence Bank raised its position in shares of The Walt Disney Company (NYSE:DIS) by 13.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,811 shares of the entertainment giant’s stock after buying an additional 1,628 shares during the quarter. Cadence Bank’s holdings in Walt Disney were worth $1,690,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new position in Walt Disney during the 4th quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new position in Walt Disney during the 4th quarter valued at approximately $28,000. Stone House Investment Management LLC grew its holdings in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. ESL Trust Services LLC purchased a new position in shares of Walt Disney in the 1st quarter worth approximately $31,000. Finally, Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DIS shares. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a report on Wednesday, July 3rd. Moffett Nathanson dropped their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. The Goldman Sachs Group began coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. began coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.54.

Walt Disney Stock Up 0.9 %

NYSE:DIS traded up $0.76 during mid-day trading on Friday, hitting $89.97. 11,293,993 shares of the company’s stock traded hands, compared to its average volume of 11,324,292. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a fifty day moving average of $99.65 and a 200 day moving average of $105.16. The company has a market capitalization of $164.02 billion, a P/E ratio of 97.25, a P/E/G ratio of 1.12 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 4.75 EPS for the current year.

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.