City Holding Co. Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

City Holding Co. lessened its position in The Walt Disney Company (NYSE:DIS) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,620 shares of the entertainment giant’s stock after selling 1,116 shares during the quarter. City Holding Co.’s holdings in Walt Disney were worth $5,158,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bridge Creek Capital Management LLC increased its stake in Walt Disney by 3.4% during the third quarter. Bridge Creek Capital Management LLC now owns 42,295 shares of the entertainment giant’s stock worth $4,068,000 after purchasing an additional 1,410 shares during the period. Blue Zone Wealth Advisors LLC increased its stake in Walt Disney by 1.3% during the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 41,048 shares of the entertainment giant’s stock worth $3,948,000 after buying an additional 510 shares during the period. Axiom Advisory LLC boosted its position in Walt Disney by 2.5% in the 3rd quarter. Axiom Advisory LLC now owns 40,017 shares of the entertainment giant’s stock valued at $3,682,000 after buying an additional 966 shares during the period. Callan Family Office LLC grew its stake in shares of Walt Disney by 12.1% in the third quarter. Callan Family Office LLC now owns 6,991 shares of the entertainment giant’s stock worth $672,000 after acquiring an additional 754 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its position in shares of Walt Disney by 7.6% during the third quarter. Aprio Wealth Management LLC now owns 10,393 shares of the entertainment giant’s stock worth $1,000,000 after acquiring an additional 732 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on DIS shares. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Bank of America dropped their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a report on Thursday, September 26th. Finally, Moffett Nathanson dropped their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.

Walt Disney Price Performance

Shares of NYSE DIS opened at $92.52 on Wednesday. The stock has a fifty day moving average price of $90.78 and a 200 day moving average price of $100.38. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74. 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 has a market cap of $168.67 billion, a PE ratio of 100.57, a P/E/G ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for 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%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. Sell-side analysts forecast 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.