First Western Trust Bank Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

First Western Trust Bank lessened its holdings in The Walt Disney Company (NYSE:DIS) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 45,919 shares of the entertainment giant’s stock after selling 2,227 shares during the quarter. First Western Trust Bank’s holdings in Walt Disney were worth $4,100,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DIS. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Walt Disney by 102,919.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock worth $40,939,886,000 after purchasing an additional 458,110,957 shares during the last quarter. Morgan Stanley grew its holdings in shares of Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after purchasing an additional 5,499,014 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Walt Disney by 2.1% during the first quarter. Geode Capital Management LLC now owns 32,495,462 shares of the entertainment giant’s stock worth $3,245,185,000 after purchasing an additional 671,806 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Walt Disney during the fourth quarter worth about $1,433,075,000. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock traded up $1.07 during midday trading on Monday, reaching $95.22. 5,232,705 shares of the company traded hands, compared to its average volume of 13,238,780. The firm’s 50 day simple moving average is $83.95 and its two-hundred day simple moving average is $87.12. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $118.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.05 and a quick ratio of 0.99. The firm has a market cap of $174.23 billion, a PE ratio of 74.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, November 8th. The entertainment giant reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.15. Walt Disney had a net margin of 2.65% and a return on equity of 7.31%. The business had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $21.37 billion. During the same period last year, the company posted $0.30 EPS. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 4.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on DIS shares. Truist Financial reaffirmed a “buy” rating and set a $105.00 price objective on shares of Walt Disney in a report on Tuesday, September 19th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Rosenblatt Securities decreased their target price on shares of Walt Disney from $104.00 to $103.00 and set a “buy” rating for the company in a research note on Wednesday, September 20th. Guggenheim decreased their target price on shares of Walt Disney from $125.00 to $115.00 in a research note on Tuesday, October 10th. Finally, UBS Group decreased their target price on shares of Walt Disney from $122.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.30.

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.