Grove Bank & Trust Has $1.62 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Grove Bank & Trust lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 178.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,844 shares of the entertainment giant’s stock after buying an additional 10,800 shares during the period. Grove Bank & Trust’s holdings in Walt Disney were worth $1,620,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mcdonald Partners LLC raised its holdings 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 acquiring an additional 88 shares in the last quarter. Sendero Wealth Management LLC raised its holdings in shares of Walt Disney by 2.0% in the 1st 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 in the last quarter. Pflug Koory LLC lifted its position in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in shares of Walt Disney by 3.5% during 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 in the last quarter. Finally, McLean Asset Management Corp increased its holdings in Walt Disney by 3.2% during the first quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock valued at $370,000 after buying an additional 96 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DIS shares. Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Moffett Nathanson dropped their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Loop Capital reduced their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

Walt Disney Stock Performance

Shares of DIS traded up $0.64 during mid-day trading on Monday, reaching $94.77. The company had a trading volume of 1,756,626 shares, compared to its average volume of 11,006,291. The stock has a 50 day moving average of $90.85 and a two-hundred day moving average of $99.65. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $172.77 billion, a P/E ratio of 102.32, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52-week low of $79.23 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 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the company earned $1.03 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Walt Disney 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.