The Walt Disney Company (NYSE:DIS) Shares Sold by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co reduced its position in The Walt Disney Company (NYSE:DIS) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,752 shares of the entertainment giant’s stock after selling 388 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Walt Disney were worth $1,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cresset Asset Management LLC increased its holdings 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 acquiring an additional 5,216 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $627,000. Putnam Investments LLC increased its stake 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 valued at $118,360,000 after purchasing an additional 23,573 shares in the last quarter. First Financial Bankshares Inc purchased a new position in shares of Walt Disney in the fourth quarter worth $465,000. Finally, Vivaldi Capital Management LP lifted its stake in shares of Walt Disney by 25.4% during the fourth quarter. Vivaldi Capital Management LP now owns 4,310 shares of the entertainment giant’s stock worth $389,000 after buying an additional 872 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $93.60 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.66 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 50-day moving average of $90.76 and a 200 day moving average of $100.21. The stock 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.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share 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 prior year, the company posted $1.03 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the topic of several research reports. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. 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 objective on the stock. Barclays decreased their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.