Argent Trust Co Increases Position in The Walt Disney Company (NYSE:DIS)

Argent Trust Co grew its holdings in The Walt Disney Company (NYSE:DIS) by 1.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 65,523 shares of the entertainment giant’s stock after acquiring an additional 712 shares during the quarter. Argent Trust Co’s holdings in Walt Disney were worth $6,506,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Mcdonald Partners LLC grew its position in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the last quarter. Sendero Wealth Management LLC grew its position in shares of Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after purchasing an additional 89 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its position in shares of Walt Disney by 1.5% in the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after purchasing an additional 89 shares during the last quarter. Pflug Koory LLC grew its position in shares of Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its position in shares of Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after purchasing an additional 94 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research note on Tuesday, May 21st. Raymond James reduced their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Moffett Nathanson reduced their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Finally, Loop Capital reduced their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $92.89 on Wednesday. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a fifty day moving average of $90.86 and a 200-day moving average of $102.22. The firm has a market capitalization of $169.34 billion, a P/E ratio of 100.97, a PEG ratio of 1.31 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

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.