First American Bank Purchases 204 Shares of The Walt Disney Company (NYSE:DIS)

First American Bank grew its position in shares of The Walt Disney Company (NYSE:DIS) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,751 shares of the entertainment giant’s stock after acquiring an additional 204 shares during the period. First American Bank’s holdings in Walt Disney were worth $5,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after buying an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after buying an additional 4,680,930 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at about $358,151,000. Finally, Boston Partners purchased a new position in shares of Walt Disney during the fourth quarter valued at about $350,707,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DIS shares. Rosenblatt Securities boosted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. UBS Group upped their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $123.96.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $117.61 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. The firm has a market capitalization of $211.44 billion, a P/E ratio of 24.05, a PEG ratio of 1.73 and a beta of 1.54. The business has a fifty day moving average of $104.69 and a 200 day moving average of $105.88.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.