Sabal Trust CO Reduces Stake in The Walt Disney Company (NYSE:DIS)

Sabal Trust CO cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 27.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,319 shares of the entertainment giant’s stock after selling 1,993 shares during the period. Sabal Trust CO’s holdings in Walt Disney were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney in the 4th quarter worth about $28,000. ESL Trust Services LLC bought a new position in Walt Disney in the first quarter worth about $31,000. Partnership Wealth Management LLC purchased a new stake in Walt Disney in the fourth quarter worth about $33,000. Frank Rimerman Advisors LLC bought a new stake in Walt Disney during the 4th quarter valued at approximately $37,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Walt Disney by 30.7% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 117 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $90.38 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $163.91 billion, a price-to-earnings ratio of 98.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The business has a 50-day simple moving average of $93.23 and a two-hundred day simple moving average of $104.04. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DIS shares. JPMorgan Chase & Co. dropped their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Raymond James dropped their target price on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Bank of America decreased their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company dropped their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.95.

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.