The Walt Disney Company (NYSE:DIS) Position Reduced by Somerset Trust Co

Somerset Trust Co reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,803 shares of the entertainment giant’s stock after selling 325 shares during the quarter. Somerset Trust Co’s holdings in Walt Disney were worth $270,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Jennison Associates LLC bought a new position in shares of Walt Disney during the 1st quarter valued at about $1,490,492,000. Capital World Investors boosted its holdings in Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after buying an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. acquired a new position in Walt Disney in the fourth quarter worth approximately $459,245,000. Swedbank AB acquired a new position in Walt Disney in the first quarter worth approximately $493,715,000. Finally, Farallon Capital Management LLC acquired a new stake in shares of Walt Disney during the 2nd quarter valued at $355,673,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 1.2 %

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 twelve month low of $79.23 and a twelve month high of $123.74. The stock has a market capitalization of $170.64 billion, a price-to-earnings ratio of 101.74, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a 50-day simple moving average of $90.76 and a 200 day simple moving average of $100.16.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on DIS shares. UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Loop Capital decreased their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $119.20.

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.