Adirondack Trust Co. Sells 615 Shares of The Walt Disney Company (NYSE:DIS)

Adirondack Trust Co. cut its holdings in The Walt Disney Company (NYSE:DIS) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,691 shares of the entertainment giant’s stock after selling 615 shares during the period. Adirondack Trust Co.’s holdings in Walt Disney were worth $1,125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cresset Asset Management LLC increased its position in shares of Walt Disney by 4.1% during the fourth quarter. Cresset Asset Management LLC now owns 131,372 shares of the entertainment giant’s stock valued at $11,892,000 after buying an additional 5,216 shares during the period. Icon Wealth Advisors LLC bought a new stake in Walt Disney during the 4th quarter worth approximately $627,000. Putnam Investments LLC increased its holdings in Walt Disney by 1.8% during the 4th quarter. Putnam Investments LLC now owns 1,310,892 shares of the entertainment giant’s stock worth $118,360,000 after acquiring an additional 23,573 shares during the period. First Financial Bankshares Inc bought a new position in Walt Disney in the 4th quarter valued at $465,000. Finally, Vivaldi Capital Management LP grew its position in shares of Walt Disney by 25.4% during the 4th quarter. Vivaldi Capital Management LP now owns 4,310 shares of the entertainment giant’s stock valued at $389,000 after purchasing an additional 872 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DIS has been the topic of several recent analyst reports. The Goldman Sachs Group started coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Loop Capital decreased their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Morgan Stanley reduced their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Walt Disney Stock Up 1.2 %

NYSE DIS opened at $93.60 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74. The firm has a market capitalization of $170.64 billion, a price-to-earnings ratio of 101.74, a PEG ratio of 1.53 and a beta of 1.40. The company has a fifty day moving average of $90.76 and a two-hundred day moving average of $100.21.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 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 firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Company 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.