Hancock Whitney Corp Lowers Position in The Walt Disney Company (NYSE:DIS)

Hancock Whitney Corp trimmed its position in The Walt Disney Company (NYSE:DIS) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,219 shares of the entertainment giant’s stock after selling 160 shares during the period. Hancock Whitney Corp’s holdings in Walt Disney were worth $1,313,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. 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 purchased a new stake in Walt Disney in the first quarter worth about $31,000. Frank Rimerman Advisors LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $37,000. Mascoma Wealth Management LLC lifted its holdings in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.3 %

Shares of NYSE:DIS opened at $93.75 on Monday. The stock’s 50-day simple moving average is $90.67 and its two-hundred day simple moving average is $101.83. The stock has a market capitalization of $170.91 billion, a price-to-earnings ratio of 101.90, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on DIS shares. Moffett Nathanson reduced their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley decreased their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.43.

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.