Indiana Trust & Investment Management CO Sells 104 Shares of The Walt Disney Company (NYSE:DIS)

Indiana Trust & Investment Management CO lessened its holdings in The Walt Disney Company (NYSE:DIS) by 1.5% during the first quarter, HoldingsChannel.com reports. The fund owned 6,703 shares of the entertainment giant’s stock after selling 104 shares during the period. Indiana Trust & Investment Management CO’s holdings in Walt Disney were worth $820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Planned Solutions Inc. acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $26,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney in the fourth quarter worth approximately $28,000. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney in the third quarter worth approximately $30,000. Stone House Investment Management LLC lifted its stake in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the period. Finally, Partnership Wealth Management LLC acquired a new position in shares of Walt Disney in the fourth quarter worth approximately $33,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director James P. Gorman bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Down 2.8 %

NYSE DIS traded down $2.88 on Friday, hitting $99.29. The company’s stock had a trading volume of 20,068,439 shares, compared to its average volume of 11,476,657. The firm has a market cap of $181.01 billion, a P/E ratio of 110.87, a PEG ratio of 1.27 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company’s 50-day simple moving average is $105.23 and its 200 day simple moving average is $104.53. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Research analysts predict that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on DIS. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday. They issued a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Evercore ISI dropped their price target on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Macquarie increased their price objective on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, Daiwa Capital Markets restated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.