Sageworth Trust Co Purchases New Position in The Walt Disney Company (NYSE:DIS)

Sageworth Trust Co bought a new stake in The Walt Disney Company (NYSE:DIS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,410 shares of the entertainment giant’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. Kathmere Capital Management LLC lifted its holdings in Walt Disney by 53.4% during the 1st quarter. Kathmere Capital Management LLC now owns 4,284 shares of the entertainment giant’s stock worth $524,000 after buying an additional 1,491 shares during the period. WoodTrust Financial Corp raised its holdings in Walt Disney by 22.2% during the 1st quarter. WoodTrust Financial Corp now owns 78,835 shares of the entertainment giant’s stock worth $9,646,000 after purchasing an additional 14,337 shares during the last quarter. Grimes & Company Inc. lifted its position in shares of Walt Disney by 1,451.3% in the 1st quarter. Grimes & Company Inc. now owns 165,870 shares of the entertainment giant’s stock worth $20,296,000 after purchasing an additional 155,178 shares during the period. Investment Research & Advisory Group Inc. boosted its stake in shares of Walt Disney by 56.0% in the 1st quarter. Investment Research & Advisory Group Inc. now owns 29,617 shares of the entertainment giant’s stock valued at $3,624,000 after purchasing an additional 10,629 shares during the last quarter. Finally, Vicus Capital raised its stake in Walt Disney by 27.0% during the first quarter. Vicus Capital now owns 7,501 shares of the entertainment giant’s stock worth $918,000 after buying an additional 1,595 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS traded down $0.37 during midday trading on Friday, hitting $95.03. 6,638,148 shares of the company’s stock were exchanged, compared to its average volume of 10,864,460. The business’s fifty day moving average price is $92.61 and its two-hundred day moving average price is $98.26. The company has a market cap of $173.24 billion, a price-to-earnings ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12-month low of $79.23 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, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.