Fulton Bank N.A. trimmed its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,507 shares of the entertainment giant’s stock after selling 1,830 shares during the quarter. Fulton Bank N.A.’s holdings in Walt Disney were worth $4,420,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new position in Walt Disney during the 1st quarter worth approximately $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney in the 1st quarter worth $29,000. MBM Wealth Consultants LLC lifted its holdings in shares of Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares in the last quarter. Silicon Valley Capital Partners acquired a new position in Walt Disney during the fourth quarter worth $35,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Walt Disney in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 61.17% of the company’s stock.
Insider Buying and Selling at Walt Disney
In other news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares of the company’s stock, valued at $85,577.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.
Walt Disney Stock Up 1.2 %
Walt Disney (NYSE:DIS – Get Free Report) last posted its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion during the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 3.68 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Credit Suisse Group dropped their price target on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. KeyCorp dropped their target price on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 25th. Loop Capital decreased their price target on Walt Disney from $120.00 to $110.00 in a report on Monday, June 26th. Morgan Stanley cut their price objective on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, July 26th. Finally, Truist Financial reiterated a “buy” rating and issued a $105.00 target price on shares of Walt Disney in a report on Monday, August 21st. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.35.
Walt Disney Company 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.
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