Cetera Trust Company N.A Trims Holdings in The Walt Disney Company (NYSE:DIS)

Cetera Trust Company N.A reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,692 shares of the entertainment giant’s stock after selling 150 shares during the quarter. Cetera Trust Company N.A’s holdings in Walt Disney were worth $1,450,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DIS. Pathway Financial Advisors LLC increased its position in shares of Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock valued at $386,000 after buying an additional 92 shares in the last quarter. Prossimo Advisors LLC grew its stake in Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock worth $972,000 after buying an additional 92 shares during the period. Onefund LLC increased its holdings in Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock valued at $541,000 after purchasing an additional 93 shares in the last quarter. Boston Financial Mangement LLC grew its stake in shares of Walt Disney by 1.5% in the fourth quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant’s stock valued at $700,000 after buying an additional 94 shares in the last quarter. Finally, GPM Growth Investors Inc. raised its stake in shares of Walt Disney by 4.3% during the fourth quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant’s stock valued at $261,000 after purchasing an additional 96 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DIS. UBS Group raised their target price on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Loop Capital increased their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Barclays increased their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities lifted their target price on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.75.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.16% of the company’s stock.

Walt Disney Trading Up 1.3%

NYSE:DIS opened at $113.95 on Monday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The stock has a fifty day simple moving average of $98.47 and a 200 day simple moving average of $105.70. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $204.85 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 earnings per share. Sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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.