Field & Main Bank Acquires 1,045 Shares of The Walt Disney Company (NYSE:DIS)

Field & Main Bank increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,115 shares of the entertainment giant’s stock after acquiring an additional 1,045 shares during the period. Walt Disney comprises approximately 1.1% of Field & Main Bank’s holdings, making the stock its 28th largest holding. Field & Main Bank’s holdings in Walt Disney were worth $2,993,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DIS. Concurrent Investment Advisors LLC lifted its holdings in Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after buying an additional 5,184 shares in the last quarter. Summit Global Investments lifted its holdings in Walt Disney by 476.0% during the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after buying an additional 10,230 shares in the last quarter. Lmcg Investments LLC lifted its holdings in Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after buying an additional 23,116 shares in the last quarter. PGGM Investments acquired a new position in Walt Disney during the 1st quarter worth $1,036,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Walt Disney by 22.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock worth $67,803,000 after buying an additional 127,859 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Wednesday, October 23rd. Morgan Stanley cut their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. cut their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Barclays lowered 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, Bank of America lowered their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Price Performance

Shares of NYSE DIS opened at $99.02 on Friday. The stock has a market capitalization of $179.58 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 1.57 and a beta of 1.40. The business has a 50-day moving average of $93.90 and a 200-day moving average of $97.05. 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the company earned $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.93 earnings per share 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.