Somerset Trust Co Purchases 338 Shares of The Walt Disney Company (NYSE:DIS)

Somerset Trust Co raised its position in shares of The Walt Disney Company (NYSE:DIS) by 9.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,105 shares of the entertainment giant’s stock after purchasing an additional 338 shares during the quarter. Somerset Trust Co’s holdings in Walt Disney were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DIS. Enterprise Bank & Trust Co grew its stake in shares of Walt Disney by 4.6% in the second quarter. Enterprise Bank & Trust Co now owns 9,264 shares of the entertainment giant’s stock worth $827,000 after acquiring an additional 406 shares during the period. Glassy Mountain Advisors Inc. bought a new stake in shares of Walt Disney in the second quarter worth approximately $2,181,000. InTrack Investment Management Inc grew its stake in shares of Walt Disney by 4.6% in the second quarter. InTrack Investment Management Inc now owns 8,504 shares of the entertainment giant’s stock worth $759,000 after acquiring an additional 377 shares during the period. Prentice Wealth Management LLC grew its stake in shares of Walt Disney by 28.5% in the second quarter. Prentice Wealth Management LLC now owns 5,372 shares of the entertainment giant’s stock worth $480,000 after acquiring an additional 1,192 shares during the period. Finally, Apella Capital LLC bought a new stake in shares of Walt Disney in the second quarter worth approximately $549,000. 61.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DIS shares. Wells Fargo & Company reduced their price target on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, September 5th. Atlantic Securities lowered shares of Walt Disney from a “neutral” rating to an “underweight” rating and cut their target price for the company from $113.00 to $76.00 in a research report on Tuesday, July 25th. Loop Capital cut their target price on shares of Walt Disney from $120.00 to $110.00 in a research report on Monday, June 26th. Citigroup cut their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, August 16th. Finally, Macquarie lowered shares of Walt Disney from an “outperform” rating to a “neutral” rating and cut their target price for the company from $125.00 to $103.00 in a research report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $115.35.

Walt Disney Price Performance

DIS stock opened at $85.58 on Friday. The Walt Disney Company has a one year low of $79.75 and a one year high of $118.18. The company’s fifty day moving average price is $85.84 and its 200-day moving average price is $91.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The company has a market capitalization of $156.59 billion, a PE ratio of 69.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28.

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

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction on 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 owns 961 shares of the company’s stock, valued at $85,577.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.