Commerce Bank Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Commerce Bank trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 226,580 shares of the entertainment giant’s stock after selling 6,097 shares during the quarter. Commerce Bank’s holdings in Walt Disney were worth $20,458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $26,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $33,000. Stone House Investment Management LLC increased its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Walt Disney in the third quarter valued at approximately $30,000. Finally, Evolution Advisers Inc. boosted its stake in shares of Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DIS shares. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Raymond James lifted their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.52.

Insider Transactions at Walt Disney

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

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $1.32 during trading on Friday, reaching $101.98. The company’s stock had a trading volume of 3,236,659 shares, compared to its average volume of 11,904,855. The company has a 50-day moving average price of $112.72 and a two-hundred day moving average price of $102.79. The firm has a market cap of $185.91 billion, a PE ratio of 110.45, a P/E/G ratio of 1.28 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, analysts forecast that The Walt Disney Company will post 4.76 EPS 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.