Sanibel Captiva Trust Company Inc. Has $23.62 Million Position in The Walt Disney Company (NYSE:DIS)

Sanibel Captiva Trust Company Inc. decreased its stake in The Walt Disney Company (NYSE:DIS) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,534 shares of the entertainment giant’s stock after selling 20,454 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Walt Disney were worth $23,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Wedmont Private Capital lifted its holdings in Walt Disney by 4.4% in the third quarter. Wedmont Private Capital now owns 16,289 shares of the entertainment giant’s stock valued at $1,505,000 after buying an additional 693 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Walt Disney by 2.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 8,109 shares of the entertainment giant’s stock valued at $780,000 after purchasing an additional 230 shares during the period. Daymark Wealth Partners LLC boosted its position in shares of Walt Disney by 1.4% during the 3rd quarter. Daymark Wealth Partners LLC now owns 151,759 shares of the entertainment giant’s stock valued at $14,598,000 after purchasing an additional 2,039 shares in the last quarter. Saxon Interests Inc. grew its stake in Walt Disney by 7.3% during the third quarter. Saxon Interests Inc. now owns 3,319 shares of the entertainment giant’s stock worth $319,000 after purchasing an additional 227 shares during the period. Finally, First PREMIER Bank increased its holdings in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost 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 $1,897,943.78. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 1.2 %

Shares of DIS stock opened at $93.60 on Thursday. 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. The company’s fifty day simple moving average is $90.76 and its two-hundred day simple moving average is $100.21. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. 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 announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating 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 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 company’s revenue was up 3.9% on a year-over-year basis. As a group, analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DIS shares. Loop Capital decreased their price target 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. Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Bank of America cut their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Macquarie decreased their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.