Citizens National Bank Trust Department Purchases 275 Shares of The Walt Disney Company (NYSE:DIS)

Citizens National Bank Trust Department raised its position in The Walt Disney Company (NYSE:DIS) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 36,890 shares of the entertainment giant’s stock after buying an additional 275 shares during the period. Citizens National Bank Trust Department’s holdings in Walt Disney were worth $3,548,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new position in Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC lifted its stake in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the period. First PREMIER Bank lifted its stake in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the period. Finally, J.Safra Asset Management Corp lifted its stake in shares of Walt Disney by 78.2% in the 1st quarter. J.Safra Asset Management Corp now owns 540 shares of the entertainment giant’s stock valued at $66,000 after purchasing an additional 237 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Bank of America dropped their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Trading Down 0.4 %

Walt Disney stock opened at $95.81 on Monday. The stock has a 50-day simple moving average of $93.16 and a 200 day simple moving average of $97.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a PEG ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 52 week low of $81.82 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued 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 firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.

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.