The Walt Disney Company (NYSE:DIS) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 160,914 shares of the entertainment giant’s stock after selling 1,623 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Walt Disney were worth $15,977,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DIS. Jennison Associates LLC purchased a new stake in Walt Disney in the 1st quarter worth approximately $1,490,492,000. Capital World Investors raised its position in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after acquiring an additional 6,084,993 shares during the period. ValueAct Holdings L.P. acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $459,245,000. Swedbank AB purchased a new position in Walt Disney during the first quarter worth approximately $493,715,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Walt Disney in the first quarter valued at approximately $425,567,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock opened at $91.84 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market capitalization of $166.56 billion, a PE ratio of 99.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The firm’s 50-day moving average is $90.95 and its two-hundred day moving average is $102.35. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

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

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Bank of America reduced their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James dropped their target price on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $117.95.

About Walt Disney

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.