Trust Co. of Oklahoma Reduces Stock Holdings in The Walt Disney Company (NYSE:DIS)

Trust Co. of Oklahoma reduced its holdings in The Walt Disney Company (NYSE:DIS) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,060 shares of the entertainment giant’s stock after selling 597 shares during the period. Trust Co. of Oklahoma’s holdings in Walt Disney were worth $1,256,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mcdonald Partners LLC increased its position in Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after purchasing an additional 88 shares in the last quarter. Sendero Wealth Management LLC increased its position in Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares in the last quarter. Pflug Koory LLC increased its position in Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its position in Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares in the last quarter. Finally, McLean Asset Management Corp increased its position in Walt Disney by 3.2% during the 1st quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock worth $370,000 after purchasing an additional 96 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

DIS stock traded down $1.04 during mid-day trading on Tuesday, reaching $93.93. The company had a trading volume of 3,994,580 shares, compared to its average volume of 10,993,696. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $171.24 billion, a P/E ratio of 103.18, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The stock’s 50-day simple moving average is $90.99 and its two-hundred day simple moving average is $99.46.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Thursday, September 26th. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Loop Capital lowered their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Morgan Stanley lowered their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.20.

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.