MidWestOne Financial Group Inc. Sells 1,051 Shares of The Walt Disney Company (NYSE:DIS)

MidWestOne Financial Group Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,625 shares of the entertainment giant’s stock after selling 1,051 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Walt Disney were worth $1,353,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. boosted its position in Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after buying an additional 916,772 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its position in Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after acquiring an additional 22,568 shares during the last quarter. Rheos Capital Works Inc. increased its holdings in Walt Disney by 41.3% during the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after purchasing an additional 810,923 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.9 %

Walt Disney stock opened at $96.03 on Friday. The firm has a market capitalization of $175.07 billion, a price-to-earnings ratio of 104.38, a PEG ratio of 1.53 and a beta of 1.40. The company’s 50 day simple moving average is $90.40 and its 200 day simple moving average is $101.38. 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 $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DIS. Wells Fargo & Company lowered their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI lowered their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. UBS Group reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America decreased their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three 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, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $118.43.

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.