Legacy Private Trust Co. Has $2.31 Million Holdings in The Walt Disney Company (NYSE:DIS)

Legacy Private Trust Co. lowered its stake in The Walt Disney Company (NYSE:DIS) by 8.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,833 shares of the entertainment giant’s stock after selling 2,430 shares during the period. Legacy Private Trust Co.’s holdings in Walt Disney were worth $2,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney during the 1st quarter worth about $28,000. Worth Asset Management LLC acquired a new position in shares of Walt Disney during the 1st quarter worth about $29,000. MBM Wealth Consultants LLC lifted its position in shares of Walt Disney by 197.6% during 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 during the last quarter. Silicon Valley Capital Partners acquired a new position in shares of Walt Disney during the 4th quarter worth about $35,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Walt Disney during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 61.17% of the company’s stock.

Walt Disney Stock Up 1.3 %

Shares of DIS opened at $85.58 on Friday. The company has a market capitalization of $156.59 billion, a P/E ratio of 69.58, a PEG ratio of 1.68 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The Walt Disney Company has a one year low of $79.75 and a one year high of $118.18. The business’s 50 day simple moving average is $85.84 and its 200-day simple moving average is $91.80.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion for the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Insider Activity

In other news, EVP Sonia L. Coleman sold 959 shares of the 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 transaction, the executive vice president now owns 961 shares of the company’s stock, valued at approximately $85,577.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Citigroup cut their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, August 16th. Morgan Stanley cut their price objective on Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, July 26th. StockNews.com began coverage on Walt Disney in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Evercore ISI lowered their price target on Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, July 24th. Finally, Macquarie lowered Walt Disney from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $125.00 to $103.00 in a research note on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.35.

About Walt Disney

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.