The Walt Disney Company $DIS Shares Acquired by First Bancorp Inc ME

First Bancorp Inc ME lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 20.7% during the second quarter, HoldingsChannel reports. The firm owned 5,613 shares of the entertainment giant’s stock after purchasing an additional 964 shares during the quarter. First Bancorp Inc ME’s holdings in Walt Disney were worth $696,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares in the last quarter. GAMMA Investing LLC raised its holdings in Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after acquiring an additional 1,856 shares in the last quarter. Advisor Resource Council acquired a new stake in Walt Disney in the first quarter valued at $434,000. Foundation Wealth Management LLC raised its holdings in Walt Disney by 37.8% in the first quarter. Foundation Wealth Management LLC now owns 5,991 shares of the entertainment giant’s stock valued at $591,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. raised its holdings in Walt Disney by 1,605.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 3,070 shares of the entertainment giant’s stock valued at $303,000 after acquiring an additional 2,890 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Evercore ISI upped their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Up 0.7%

Walt Disney stock opened at $110.69 on Friday. The company has a 50-day simple moving average of $114.86 and a 200-day simple moving average of $110.83. The firm has a market capitalization of $199.00 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.