Heartland Bank & Trust Co Buys New Shares in The Walt Disney Company $DIS

Heartland Bank & Trust Co bought a new position in The Walt Disney Company (NYSE:DIS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,340 shares of the entertainment giant’s stock, valued at approximately $726,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Walt Disney in the second quarter worth about $2,618,295,000. Viking Global Investors LP bought a new stake in Walt Disney during the 2nd quarter valued at approximately $725,219,000. Assenagon Asset Management S.A. lifted its holdings in Walt Disney by 231.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,711,353 shares of the entertainment giant’s stock worth $539,450,000 after purchasing an additional 3,289,707 shares in the last quarter. Boston Partners boosted its stake in Walt Disney by 84.2% in the 2nd quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant’s stock worth $856,582,000 after purchasing an additional 3,162,938 shares during the period. Finally, Laurel Wealth Advisors LLC raised its position in shares of Walt Disney by 11,943.6% during the second quarter. Laurel Wealth Advisors LLC now owns 2,827,112 shares of the entertainment giant’s stock valued at $350,590,000 after buying an additional 2,803,638 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DIS shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. UBS Group reaffirmed a “mixed” rating on shares of Walt Disney in a research note on Monday, February 2nd. Guggenheim reaffirmed a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company cut their target price on shares of Walt Disney from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.80.

Walt Disney Stock Performance

DIS stock opened at $105.51 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market cap of $186.92 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.44 and a beta of 1.43. The business’s fifty day simple moving average is $110.72 and its two-hundred day simple moving average is $111.73. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Monday, February 2nd. The entertainment giant reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.06. Walt Disney had a net margin of 12.80% and a return on equity of 8.90%. The firm had revenue of $25.98 billion for the quarter, compared to analysts’ expectations of $25.54 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Profile

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.