Indiana Trust & Investment Management CO decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,767 shares of the entertainment giant’s stock after selling 180 shares during the period. The Walt Disney accounts for about 1.1% of Indiana Trust & Investment Management CO’s portfolio, making the stock its 18th largest holding. Indiana Trust & Investment Management CO’s holdings in The Walt Disney were worth $1,987,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Inspire Advisors LLC bought a new stake in The Walt Disney in the 4th quarter valued at about $27,000. Kinloch Capital LLC bought a new stake in The Walt Disney in the 4th quarter valued at about $28,000. Advanced Research Investment Solutions LLC boosted its holdings in The Walt Disney by 50.9% in the 4th quarter. Advanced Research Investment Solutions LLC now owns 163 shares of the entertainment giant’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Flagship Private Wealth LLC bought a new stake in The Walt Disney in the 4th quarter valued at about $27,000. Finally, Klaas Financial Asset Advisors LLC bought a new stake in The Walt Disney in the 4th quarter valued at about $33,000. 62.83% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on DIS. BMO Capital Markets downgraded shares of The Walt Disney from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $165.00 to $185.00 in a report on Monday, December 14th. Stephens initiated coverage on shares of The Walt Disney in a report on Friday, December 11th. They set a “buy” rating for the company. Bank of America reaffirmed a “buy” rating and set a $223.00 price target on shares of The Walt Disney in a report on Friday, February 12th. Rosenblatt Securities upped their price target on shares of The Walt Disney from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Finally, Morgan Stanley upped their price target on shares of The Walt Disney from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $187.00.
In other news, CFO Christine M. Mccarthy sold 4,139 shares of the stock in a transaction on Friday, January 15th. The shares were sold at an average price of $173.00, for a total transaction of $716,047.00. Following the completion of the sale, the chief financial officer now directly owns 156,984 shares in the company, valued at $27,158,232. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Robert A. Iger sold 478,003 shares of the stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $175.92, for a total transaction of $84,090,287.76. Following the sale, the chairman now owns 1,656,157 shares of the company’s stock, valued at $291,351,139.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,367,269 shares of company stock valued at $251,173,842. 0.31% of the stock is currently owned by corporate insiders.
NYSE DIS traded down $1.28 on Thursday, hitting $186.28. The company’s stock had a trading volume of 251,520 shares, compared to its average volume of 11,597,273. The Walt Disney Company has a 1-year low of $98.65 and a 1-year high of $203.02. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average is $190.44 and its 200 day moving average is $162.26. The firm has a market cap of $338.15 billion, a PE ratio of -116.89, a PEG ratio of 5.07 and a beta of 1.20.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.77. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The company had revenue of $16.25 billion during the quarter, compared to analysts’ expectations of $15.84 billion. On average, equities analysts expect that The Walt Disney Company will post 1.69 EPS for the current year.
The Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.
Read More: What are no-load funds?