Atlantic Union Bankshares Corp Sells 1,070 Shares of The Walt Disney Company (NYSE:DIS)

Atlantic Union Bankshares Corp decreased its position in The Walt Disney Company (NYSE:DIS) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,929 shares of the entertainment giant’s stock after selling 1,070 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Walt Disney were worth $2,683,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DIS. Avitas Wealth Management LLC boosted its position in shares of Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares during the last quarter. WNY Asset Management LLC boosted its position in Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after purchasing an additional 2,304 shares during the last quarter. Telos Capital Management Inc. boosted its position in Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Howard Capital Management Group LLC boosted its position in Walt Disney by 1.8% in the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after purchasing an additional 3,716 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its position in Walt Disney by 4.9% in the fourth quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock worth $699,000 after purchasing an additional 359 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DIS shares. Deutsche Bank Aktiengesellschaft raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Barclays lowered their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research report on Tuesday, May 21st. Finally, The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday. They set a “buy” rating and a $125.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $126.50.

Walt Disney Stock Performance

NYSE DIS opened at $99.19 on Friday. The business’s 50 day moving average price is $104.76 and its 200-day moving average price is $104.57. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a market cap of $180.83 billion, a P/E ratio of 107.82, a P/E/G ratio of 1.27 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter in the previous year, the business earned $0.93 EPS. Walt Disney’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

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.