Hancock Whitney Corp Sells 160 Shares of The Walt Disney Company (NYSE:DIS)

Hancock Whitney Corp lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,219 shares of the entertainment giant’s stock after selling 160 shares during the quarter. Hancock Whitney Corp’s holdings in Walt Disney were worth $1,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gryphon Financial Partners LLC purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $603,000. ProVise Management Group LLC lifted its position in Walt Disney by 7.3% in the fourth quarter. ProVise Management Group LLC now owns 5,546 shares of the entertainment giant’s stock worth $501,000 after buying an additional 379 shares during the last quarter. Congress Wealth Management LLC DE boosted its stake in Walt Disney by 191.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 11,183 shares of the entertainment giant’s stock worth $1,010,000 after buying an additional 7,341 shares during the period. Linscomb & Williams Inc. increased its position in Walt Disney by 11.6% during the fourth quarter. Linscomb & Williams Inc. now owns 3,108 shares of the entertainment giant’s stock valued at $281,000 after acquiring an additional 323 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its stake in shares of Walt Disney by 35.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 13,247 shares of the entertainment giant’s stock valued at $1,196,000 after acquiring an additional 3,483 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DIS. UBS Group cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reduced their price target on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Raymond James decreased their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $93.75 on Monday. 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 company’s fifty day moving average price is $90.67 and its 200-day moving average price is $101.83. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The firm has a market capitalization of $170.91 billion, a PE ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results 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 business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 4.92 EPS 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.