Trust Co. of Virginia VA lifted its position in shares of Walt Disney Co (NYSE:DIS) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 108,202 shares of the entertainment giant’s stock after acquiring an additional 1,243 shares during the quarter. Walt Disney makes up 1.7% of Trust Co. of Virginia VA’s investment portfolio, making the stock its 18th largest position. Trust Co. of Virginia VA’s holdings in Walt Disney were worth $11,864,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Litman Gregory Asset Management LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $25,000. Crewe Advisors LLC increased its stake in Walt Disney by 55.6% in the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 100 shares during the period. Portfolio Solutions LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $43,000. Contravisory Investment Management Inc. increased its stake in Walt Disney by 176.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 261 shares during the period. Finally, Watermark Asset Management Inc. increased its stake in Walt Disney by 52.2% in the 4th quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock worth $49,000 after purchasing an additional 153 shares during the period. Institutional investors own 66.71% of the company’s stock.
A number of equities analysts have commented on the company. Citigroup lifted their price target on Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Imperial Capital lifted their price objective on Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. BMO Capital Markets lifted their price objective on Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. BTIG Research upgraded Walt Disney from a “sell” rating to a “neutral” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.42.
Walt Disney stock traded down $0.24 during mid-day trading on Wednesday, hitting $133.85. The company had a trading volume of 4,485,767 shares, compared to its average volume of 11,973,869. Walt Disney Co has a 12 month low of $98.81 and a 12 month high of $142.37. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $199.58 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The firm had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict that Walt Disney Co will post 6.67 EPS for the current year.
In other news, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $135.24, for a total value of $540,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold 39,000 shares of company stock valued at $5,022,700 in the last 90 days. Company insiders own 0.36% of the company’s stock.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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