The Walt Disney Company (NYSE:DIS) Shares Acquired by American National Bank

American National Bank increased its position in shares of The Walt Disney Company (NYSE:DIS) by 22.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,433 shares of the entertainment giant’s stock after acquiring an additional 8,544 shares during the period. American National Bank’s holdings in Walt Disney were worth $4,235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DIS. Markel Corp grew its holdings in shares of Walt Disney by 2.3% during the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after buying an additional 42,500 shares in the last quarter. Fairfield Bush & CO. grew its stake in Walt Disney by 3.4% in the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after purchasing an additional 320 shares in the last quarter. United Bank grew its stake in Walt Disney by 8.7% in the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after purchasing an additional 794 shares in the last quarter. AMI Investment Management Inc. grew its stake in Walt Disney by 4.6% in the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Walt Disney by 0.6% in the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after purchasing an additional 4,722 shares in the last quarter. 61.17% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS opened at $85.03 on Tuesday. The firm has a market cap of $155.58 billion, a price-to-earnings ratio of 69.13, a PEG ratio of 1.72 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 1-year low of $79.75 and a 1-year high of $118.18. The company has a 50 day moving average of $85.78 and a 200-day moving average of $91.59.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating 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 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 previous year, the company posted $1.09 EPS. On average, equities analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 959 shares of Walt Disney stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on DIS shares. Raymond James started coverage on shares of Walt Disney in a research report on Monday. They issued an “outperform” rating and a $97.00 target price for the company. Barclays decreased their price target on Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Citigroup decreased their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. Finally, Atlantic Securities downgraded shares of Walt Disney from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $113.00 to $76.00 in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $114.58.

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.