Plimoth Trust Co. LLC Has $2.33 Million Stock Position in The Walt Disney Company (NYSE:DIS)

by · The Markets Daily

Plimoth Trust Co. LLC increased its position in The Walt Disney Company (NYSE:DIS – Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,211 shares of the entertainment giant’s stock after buying an additional 714 shares during the period. Plimoth Trust Co. LLC’s holdings in Walt Disney were worth $2,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after acquiring an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after buying an additional 1,449,730 shares during the last quarter. Legal & General Group Plc raised its holdings in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after buying an additional 425,438 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Walt Disney in the first quarter valued at $1,490,492,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Walt Disney by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after buying an additional 293,482 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

NYSE DIS traded down $0.66 during trading hours on Monday, hitting $96.62. The company had a trading volume of 8,023,681 shares, compared to its average volume of 10,967,480. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $176.14 billion, a price-to-earnings ratio of 105.74, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74. The firm has a 50 day simple moving average of $91.72 and a 200 day simple moving average of $98.75.

Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during 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%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. Equities research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction 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.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley cut their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Bank of America reduced their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Get Our Latest Analysis on Walt Disney

Walt Disney Profile

(Free Report)

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.

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