Cambridge Trust Co. Cuts Position in The Walt Disney Company (NYSE:DIS)

Cambridge Trust Co. cut its position in The Walt Disney Company (NYSE:DIS) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,600 shares of the entertainment giant’s stock after selling 9,009 shares during the quarter. Cambridge Trust Co.’s holdings in Walt Disney were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new stake in Walt Disney during the 1st quarter worth approximately $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney during the 1st quarter worth about $29,000. MBM Wealth Consultants LLC raised its position in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in shares of Walt Disney in the 4th quarter valued at about $35,000. Finally, Bell Investment Advisors Inc grew its position in shares of Walt Disney by 40.3% during the first quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock worth $44,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the sale, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock traded down $2.04 during midday trading on Friday, reaching $81.64. 27,701,889 shares of the stock traded hands, compared to its average volume of 12,966,163. The firm has a fifty day moving average price of $87.12 and a two-hundred day moving average price of $93.18. The Walt Disney Company has a fifty-two week low of $80.53 and a fifty-two week high of $118.18. The firm has a market cap of $149.38 billion, a price-to-earnings ratio of 66.37, a PEG ratio of 1.69 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The firm had revenue of $22.33 billion for the quarter, compared to analysts’ expectations of $22.50 billion. During the same period last year, the firm earned $1.09 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DIS shares. KeyCorp decreased their price target on shares of Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 25th. Barclays lowered their target price on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Citigroup decreased their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Morgan Stanley dropped their price objective on Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, July 26th. Finally, Wolfe Research cut Walt Disney from an “outperform” rating to a “peer perform” rating in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.