Farmers National Bank Increases Stake in The Walt Disney Company (NYSE:DIS)

Farmers National Bank boosted its stake in The Walt Disney Company (NYSE:DIS) by 4.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,627 shares of the entertainment giant’s stock after purchasing an additional 2,200 shares during the quarter. Walt Disney comprises 1.5% of Farmers National Bank’s portfolio, making the stock its 19th largest position. Farmers National Bank’s holdings in Walt Disney were worth $4,927,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. ESL Trust Services LLC purchased a new position in shares of Walt Disney in the 1st quarter worth $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the second quarter worth about $32,000. Frank Rimerman Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $37,000. Mascoma Wealth Management LLC lifted its stake in shares of Walt Disney by 38.0% in the 2nd 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 in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Walt Disney by 30.7% during 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 during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Moffett Nathanson lowered their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Evercore ISI reduced their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Morgan Stanley reduced their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Trading Down 2.2 %

Walt Disney stock opened at $94.05 on Wednesday. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. 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 firm has a market capitalization of $171.46 billion, a price-to-earnings ratio of 102.23, a PEG ratio of 1.53 and a beta of 1.40. The firm has a 50-day moving average price of $90.50 and a two-hundred day moving average price of $100.98.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by 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.