First National Trust Co Sells 2,555 Shares of The Walt Disney Company (NYSE:DIS)

First National Trust Co trimmed its position in The Walt Disney Company (NYSE:DIS) by 13.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,130 shares of the entertainment giant’s stock after selling 2,555 shares during the period. First National Trust Co’s holdings in Walt Disney were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the 1st quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $27,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the 4th quarter valued at $32,000. Finally, Copia Wealth Management bought a new stake in Walt Disney in the 4th quarter valued at $36,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 0.3%

Shares of NYSE:DIS opened at $119.56 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a market cap of $214.94 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company’s 50-day moving average price is $118.46 and its two-hundred day moving average price is $107.59.

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

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

DIS has been the topic of several research reports. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Monday, April 21st. JPMorgan Chase & Co. raised their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities raised their target price on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $128.70.

Walt Disney 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.