First American Trust FSB Reduces Position in The Walt Disney Company (NYSE:DIS)

First American Trust FSB trimmed its stake in The Walt Disney Company (NYSE:DIS) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,469 shares of the entertainment giant’s stock after selling 1,873 shares during the period. First American Trust FSB’s holdings in Walt Disney were worth $1,611,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after buying an additional 490,681 shares during the period. Geode Capital Management LLC increased its holdings in Walt Disney by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after acquiring an additional 1,393,082 shares in the last quarter. FMR LLC raised its stake in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Jennison Associates LLC raised its stake in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 0.8 %

Shares of NYSE:DIS opened at $100.24 on Tuesday. The firm has a market capitalization of $181.21 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The business has a 50 day simple moving average of $107.89 and a two-hundred day simple moving average of $104.86. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Finally, Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

About Walt Disney

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.