The Walt Disney Company (NYSE:DIS) Shares Sold by Farmers Trust Co.

Farmers Trust Co. lowered its stake in The Walt Disney Company (NYSE:DIS – Get Rating) by 9.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,050 shares of the entertainment giant’s stock after selling 430 shares during the quarter. Farmers Trust Co.’s holdings in Walt Disney were worth $406,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Anderson Hoagland & Co. grew its stake in Walt Disney by 10.9% in the 1st quarter. Anderson Hoagland & Co. now owns 60,106 shares of the entertainment giant’s stock valued at $6,018,000 after acquiring an additional 5,904 shares during the period. Woodstock Corp boosted its stake in Walt Disney by 0.4% during the 1st quarter. Woodstock Corp now owns 86,738 shares of the entertainment giant’s stock worth $8,685,000 after purchasing an additional 387 shares during the last quarter. Foster Group Inc. boosted its stake in Walt Disney by 1.9% during the 1st quarter. Foster Group Inc. now owns 6,070 shares of the entertainment giant’s stock worth $608,000 after purchasing an additional 114 shares during the last quarter. Radnor Capital Management LLC boosted its stake in Walt Disney by 3.9% during the 1st quarter. Radnor Capital Management LLC now owns 35,329 shares of the entertainment giant’s stock worth $3,537,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its stake in Walt Disney by 84.5% during the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 85,318 shares of the entertainment giant’s stock worth $7,930,000 after purchasing an additional 39,077 shares during the last quarter. Institutional investors and hedge funds own 62.22% of the company’s stock.

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Walt Disney Stock Performance

Shares of Walt Disney stock opened at $91.32 on Monday. The Walt Disney Company has a one year low of $84.07 and a one year high of $126.48. The company has a market cap of $166.87 billion, a PE ratio of 40.59, a P/E/G ratio of 2.02 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 1.01. The business has a 50-day simple moving average of $95.25 and a 200-day simple moving average of $97.18.

Walt Disney (NYSE:DIS – Get Rating) last announced its quarterly earnings data on Wednesday, May 10th. The entertainment giant reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Walt Disney had a return on equity of 6.41% and a net margin of 4.74%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $21.82 billion. During the same period in the previous year, the company posted $1.08 earnings per share. On average, equities research analysts forecast that The Walt Disney Company will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the topic of several recent research reports. KeyCorp lowered their target price on shares of Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 25th. Truist Financial reduced their price target on Walt Disney from $121.00 to $105.00 in a report on Tuesday, May 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Macquarie lowered Walt Disney from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $125.00 to $103.00 in a report on Friday, May 19th. Finally, Wolfe Research lowered Walt Disney from an “outperform” rating to a “peer perform” rating in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.14.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,139 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $95.21, for a total value of $108,444.19. Following the completion of the transaction, the executive vice president now directly owns 30,283 shares of the company’s stock, valued at $2,883,244.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Company Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.