Trust Co. of Virginia VA Sells 3,073 Shares of Walt Disney Co (NYSE:DIS)

Trust Co. of Virginia VA cut its holdings in Walt Disney Co (NYSE:DIS) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,250 shares of the entertainment giant’s stock after selling 3,073 shares during the period. Walt Disney comprises approximately 1.5% of Trust Co. of Virginia VA’s portfolio, making the stock its 21st biggest holding. Trust Co. of Virginia VA’s holdings in Walt Disney were worth $9,394,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $1,297,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Walt Disney by 14.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,070 shares of the entertainment giant’s stock valued at $71,747,000 after purchasing an additional 63,786 shares during the period. Brighton Jones LLC grew its holdings in Walt Disney by 6.7% during the fourth quarter. Brighton Jones LLC now owns 18,451 shares of the entertainment giant’s stock valued at $2,669,000 after purchasing an additional 1,165 shares during the period. Exchange Traded Concepts LLC bought a new position in Walt Disney during the first quarter valued at $507,000. Finally, Augustine Asset Management Inc. grew its holdings in Walt Disney by 3.4% during the fourth quarter. Augustine Asset Management Inc. now owns 2,883 shares of the entertainment giant’s stock valued at $417,000 after purchasing an additional 95 shares during the period. 63.10% of the stock is owned by institutional investors.

Shares of DIS stock opened at $118.02 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The company has a market capitalization of $212.83 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08. The business’s fifty day moving average is $104.80 and its 200 day moving average is $127.09.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business had revenue of $18.01 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter last year, the business posted $1.61 EPS. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts forecast that Walt Disney Co will post 2.09 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Walt Disney from a “buy” rating to a “hold” rating and set a $122.00 price objective for the company. in a report on Wednesday, March 4th. Imperial Capital reduced their price objective on Walt Disney from $118.00 to $107.00 and set an “in-line” rating for the company in a report on Thursday, April 2nd. Royal Bank of Canada reduced their price objective on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Loop Capital lowered Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Tuesday. Finally, Deutsche Bank reduced their price objective on Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a report on Tuesday. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $126.58.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: Circuit Breakers

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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