Eastern Bank Sells 111 Shares of The Walt Disney Company $DIS

Eastern Bank lowered its position in The Walt Disney Company (NYSE:DIS) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,775 shares of the entertainment giant’s stock after selling 111 shares during the period. Eastern Bank’s holdings in Walt Disney were worth $3,692,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DIS. Brighton Jones LLC grew its holdings in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. GAMMA Investing LLC grew its holdings in shares of Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after acquiring an additional 1,856 shares during the period. Zhang Financial LLC lifted its position in Walt Disney by 9.8% during the first quarter. Zhang Financial LLC now owns 2,207 shares of the entertainment giant’s stock valued at $218,000 after purchasing an additional 197 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in Walt Disney by 21.0% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 19,824 shares of the entertainment giant’s stock valued at $1,957,000 after purchasing an additional 3,441 shares in the last quarter. Finally, Thomasville National Bank lifted its position in Walt Disney by 3.4% during the first quarter. Thomasville National Bank now owns 7,611 shares of the entertainment giant’s stock valued at $751,000 after purchasing an additional 251 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $109.17 on Friday. The stock’s 50-day simple moving average is $115.36 and its 200-day simple moving average is $110.34. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a market capitalization of $196.27 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.46 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating 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 business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.