Northwest Bank & Trust Co Acquires 283 Shares of The Walt Disney Company (NYSE:DIS)

Northwest Bank & Trust Co boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,381 shares of the entertainment giant’s stock after purchasing an additional 283 shares during the quarter. Northwest Bank & Trust Co’s holdings in Walt Disney were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cresset Asset Management LLC grew its position in shares of Walt Disney by 4.1% in the 4th quarter. Cresset Asset Management LLC now owns 131,372 shares of the entertainment giant’s stock valued at $11,892,000 after purchasing an additional 5,216 shares during the period. Icon Wealth Advisors LLC acquired a new position in Walt Disney during the fourth quarter worth $627,000. Putnam Investments LLC raised its position in Walt Disney by 1.8% during the fourth 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 in the last quarter. First Financial Bankshares Inc bought a new stake in Walt Disney during the fourth quarter worth $465,000. Finally, Vivaldi Capital Management LP raised its position in shares of Walt Disney by 25.4% in the fourth 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 during the period. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of several research analyst reports. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America decreased their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Four equities research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.20.

Walt Disney Price Performance

Shares of DIS traded down $0.59 during midday trading on Thursday, hitting $93.01. 2,360,888 shares of the company traded hands, compared to its average volume of 11,046,238. The stock has a 50-day moving average of $90.76 and a 200-day moving average of $100.16. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The firm has a market cap of $169.56 billion, a P/E ratio of 101.74, a PEG ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. As a group, sell-side analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.