First National Bank & Trust Co. of Newtown Boosts Holdings in The Walt Disney Company (NYSE:DIS)

First National Bank & Trust Co. of Newtown boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,550 shares of the entertainment giant’s stock after buying an additional 167 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Walt Disney were worth $1,303,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Mainstream Capital Management LLC acquired a new stake in shares of Walt Disney in the third quarter valued at $848,000. Portside Wealth Group LLC raised its position in Walt Disney by 27.8% in the 3rd quarter. Portside Wealth Group LLC now owns 31,526 shares of the entertainment giant’s stock valued at $3,033,000 after purchasing an additional 6,851 shares in the last quarter. Keynote Financial Services LLC lifted its stake in Walt Disney by 4.3% in the third quarter. Keynote Financial Services LLC now owns 9,120 shares of the entertainment giant’s stock worth $877,000 after acquiring an additional 373 shares during the last quarter. Hara Capital LLC lifted its position in shares of Walt Disney by 17.6% during the 3rd quarter. Hara Capital LLC now owns 8,020 shares of the entertainment giant’s stock worth $771,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Global Strategic Investment Solutions LLC grew its stake in shares of Walt Disney by 7.0% during the third quarter. Global Strategic Investment Solutions LLC now owns 6,427 shares of the entertainment giant’s stock worth $618,000 after purchasing an additional 422 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.1 %

DIS opened at $98.94 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a market capitalization of $179.44 billion, a P/E ratio of 38.05, a P/E/G ratio of 1.52 and a beta of 1.40. The business has a 50 day simple moving average of $93.54 and a 200-day simple moving average of $97.12.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS 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 the consensus estimate of $23.08 billion. During the same quarter last year, the company earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIS shares. Macquarie dropped their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Evercore ISI reduced their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley cut their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Five equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.05.

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.