The Walt Disney Company (NYSE:DIS) Shares Purchased by Smithfield Trust Co

Smithfield Trust Co grew its position in shares of The Walt Disney Company (NYSE:DIS) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 18,869 shares of the entertainment giant’s stock after acquiring an additional 102 shares during the quarter. Smithfield Trust Co’s holdings in Walt Disney were worth $1,809,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Walt Disney by 3.7% during the third quarter. Pacer Advisors Inc. now owns 134,529 shares of the entertainment giant’s stock worth $12,940,000 after acquiring an additional 4,842 shares during the period. Integrated Investment Consultants LLC lifted its position in shares of Walt Disney by 1,045.6% during the 3rd quarter. Integrated Investment Consultants LLC now owns 63,293 shares of the entertainment giant’s stock worth $6,088,000 after buying an additional 57,768 shares during the last quarter. John G Ullman & Associates Inc. boosted its holdings in shares of Walt Disney by 4.3% in the 3rd quarter. John G Ullman & Associates Inc. now owns 92,089 shares of the entertainment giant’s stock valued at $8,858,000 after buying an additional 3,800 shares in the last quarter. German American Bancorp Inc. grew its position in shares of Walt Disney by 11.2% in the 3rd quarter. German American Bancorp Inc. now owns 37,921 shares of the entertainment giant’s stock valued at $3,648,000 after buying an additional 3,828 shares during the last quarter. Finally, Cypress Capital Group lifted its position in Walt Disney by 3.8% in the third quarter. Cypress Capital Group now owns 36,463 shares of the entertainment giant’s stock valued at $3,507,000 after acquiring an additional 1,329 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $114.27 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm’s fifty day simple moving average is $97.07 and its 200-day simple moving average is $96.72. The stock has a market cap of $206.94 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DIS. Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Loop Capital lifted their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney Company 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.