Trust Co. of Oklahoma Has $1.36 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Trust Co. of Oklahoma reduced its holdings in The Walt Disney Company (NYSE:DIS) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,657 shares of the entertainment giant’s stock after selling 924 shares during the quarter. Trust Co. of Oklahoma’s holdings in Walt Disney were worth $1,356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its holdings in Walt Disney by 4.7% during the 4th quarter. Handelsbanken Fonder AB now owns 556,245 shares of the entertainment giant’s stock worth $50,223,000 after acquiring an additional 24,770 shares during the period. Diversified LLC boosted its position in shares of Walt Disney by 4.2% during the 4th quarter. Diversified LLC now owns 6,047 shares of the entertainment giant’s stock valued at $546,000 after purchasing an additional 245 shares in the last quarter. Kelman Lazarov Inc. grew its stake in Walt Disney by 3.4% during the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after purchasing an additional 117 shares during the period. Sage Mountain Advisors LLC increased its holdings in Walt Disney by 41.5% in the fourth quarter. Sage Mountain Advisors LLC now owns 3,900 shares of the entertainment giant’s stock worth $352,000 after purchasing an additional 1,143 shares in the last quarter. Finally, RWA Wealth Partners LLC lifted its stake in Walt Disney by 151.8% in the fourth quarter. RWA Wealth Partners LLC now owns 42,308 shares of the entertainment giant’s stock valued at $3,820,000 after buying an additional 25,505 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on DIS. The Goldman Sachs Group began coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. UBS Group cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of DIS traded down $0.79 during mid-day trading on Thursday, hitting $89.93. The stock had a trading volume of 7,604,084 shares, compared to its average volume of 11,600,552. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The business has a fifty day moving average price of $94.75 and a 200-day moving average price of $104.70. The firm has a market cap of $163.95 billion, a P/E ratio of 98.49, a PEG ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. On average, equities research analysts expect that The Walt Disney Company will post 4.77 EPS for the current year.

Walt Disney 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.