First International Bank & Trust Invests $208,000 in The Walt Disney Company $DIS

First International Bank & Trust purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,680 shares of the entertainment giant’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter worth about $26,000. Kessler Investment Group LLC grew its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the period. Copia Wealth Management bought a new stake in shares of Walt Disney in the 4th quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Walt Disney in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $116.02 on Monday. The stock has a market cap of $208.60 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. The stock has a 50-day moving average price of $118.34 and a two-hundred day moving average price of $108.99. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIS. Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. UBS Group boosted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Loop Capital boosted 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, June 10th. Finally, Susquehanna restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

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.