Fulton Bank N.A. Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Fulton Bank N.A. increased its holdings in shares of The Walt Disney Company (NYSE:DISFree Report) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,254 shares of the entertainment giant’s stock after buying an additional 1,657 shares during the period. Fulton Bank N.A.’s holdings in Walt Disney were worth $6,883,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DIS. Signal Advisors Wealth LLC grew its stake in shares of Walt Disney by 10.2% in the first quarter. Signal Advisors Wealth LLC now owns 3,654 shares of the entertainment giant’s stock worth $447,000 after acquiring an additional 339 shares in the last quarter. Perpetual Ltd boosted its holdings in Walt Disney by 149.9% in the first quarter. Perpetual Ltd now owns 13,538 shares of the entertainment giant’s stock valued at $1,657,000 after purchasing an additional 8,120 shares during the period. Montecito Bank & Trust grew its stake in Walt Disney by 12.0% during the 1st quarter. Montecito Bank & Trust now owns 17,989 shares of the entertainment giant’s stock worth $2,201,000 after purchasing an additional 1,925 shares in the last quarter. Woodstock Corp increased its holdings in Walt Disney by 5.2% during the 1st quarter. Woodstock Corp now owns 87,228 shares of the entertainment giant’s stock worth $10,673,000 after purchasing an additional 4,347 shares during the period. Finally, New Hampshire Trust increased its holdings in Walt Disney by 7.0% during the 1st quarter. New Hampshire Trust now owns 28,166 shares of the entertainment giant’s stock worth $3,446,000 after purchasing an additional 1,840 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DIS shares. Tigress Financial reissued a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. Loop Capital lifted their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $126.29.

View Our Latest Stock Analysis on DIS

Walt Disney Stock Performance

NYSE:DIS traded up $0.36 during midday trading on Thursday, reaching $101.87. The stock had a trading volume of 7,882,378 shares, compared to its average volume of 11,463,230. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The stock has a market cap of $185.70 billion, a P/E ratio of 110.72, a P/E/G ratio of 1.26 and a beta of 1.40. The firm has a fifty day simple moving average of $106.14 and a two-hundred day simple moving average of $104.16. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, equities analysts expect that The Walt Disney Company will post 4.75 EPS for the current year.

Walt Disney Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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