AMG National Trust Bank Has $2.71 Million Stock Holdings in The Walt Disney Company $DIS

AMG National Trust Bank cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 29.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,833 shares of the entertainment giant’s stock after selling 9,146 shares during the quarter. AMG National Trust Bank’s holdings in Walt Disney were worth $2,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $49,000. Finally, Core Alternative Capital lifted its position in shares of Walt Disney by 71.0% in the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DIS. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research note on Tuesday. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.70 on Friday. The firm has a market capitalization of $202.63 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The firm has a fifty day simple moving average of $114.12 and a two-hundred day simple moving average of $112.68. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.