First National Bank of South Miami Sells 884 Shares of The Walt Disney Company (NYSE:DIS)

First National Bank of South Miami cut its holdings in The Walt Disney Company (NYSE:DIS) by 24.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,677 shares of the entertainment giant’s stock after selling 884 shares during the quarter. First National Bank of South Miami’s holdings in Walt Disney were worth $239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Markel Corp raised its stake in Walt Disney by 2.3% in the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after buying an additional 42,500 shares in the last quarter. Fairfield Bush & CO. raised its position in shares of Walt Disney by 3.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after acquiring an additional 320 shares in the last quarter. United Bank lifted its stake in shares of Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock worth $1,365,000 after purchasing an additional 794 shares during the last quarter. AMI Investment Management Inc. boosted its position in Walt Disney by 4.6% during the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Walt Disney by 0.6% in the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after purchasing an additional 4,722 shares during the last quarter. 61.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DIS shares. Barclays reduced their price objective on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Rosenblatt Securities increased their price objective on Walt Disney from $102.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, September 12th. Wells Fargo & Company dropped their target price on Walt Disney from $146.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 5th. Evercore ISI dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Finally, Morgan Stanley dropped their price target on Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $114.58.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares of the company’s stock, valued at $85,577.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $85.03 on Tuesday. The firm has a market cap of $155.58 billion, a PE ratio of 69.13, a P/E/G ratio of 1.72 and a beta of 1.28. The business has a 50-day moving average price of $85.78 and a 200 day moving average price of $91.59. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a twelve month low of $79.75 and a twelve month high of $118.18.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.