First American Trust FSB Lowers Holdings in The Walt Disney Company (NYSE:DIS)

First American Trust FSB reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,469 shares of the entertainment giant’s stock after selling 1,873 shares during the quarter. First American Trust FSB’s holdings in Walt Disney were worth $1,611,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at $28,000. Tacita Capital Inc increased its position in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at about $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth approximately $35,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth approximately $39,000. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIS has been the subject of a number of recent research reports. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Prescient Securities reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Macquarie reissued a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

Shares of NYSE DIS opened at $100.24 on Tuesday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The business’s 50 day moving average price is $107.89 and its 200 day moving average price is $104.86. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $181.21 billion, a P/E ratio of 32.65, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.