Field & Main Bank Has $2.99 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Field & Main Bank boosted its position in The Walt Disney Company (NYSE:DIS) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 31,115 shares of the entertainment giant’s stock after purchasing an additional 1,045 shares during the period. Walt Disney comprises 1.1% of Field & Main Bank’s holdings, making the stock its 28th largest position. Field & Main Bank’s holdings in Walt Disney were worth $2,993,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after acquiring an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the last quarter. Legal & General Group Plc lifted its position in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after acquiring an additional 425,438 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Walt Disney by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after acquiring an additional 293,482 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Walt Disney by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock worth $988,290,000 after acquiring an additional 102,210 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.1 %

NYSE DIS opened at $99.02 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $93.90 and a 200-day moving average of $97.05. The firm has a market cap of $179.58 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the company posted $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Wednesday, October 23rd. Bank of America dropped their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Morgan Stanley dropped their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

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.