Community Bank N.A. Has $4.42 Million Stake in Walt Disney Co (NYSE:DIS)

Community Bank N.A. raised its stake in shares of Walt Disney Co (NYSE:DIS) by 9.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 39,670 shares of the entertainment giant’s stock after purchasing an additional 3,307 shares during the period. Community Bank N.A.’s holdings in Walt Disney were worth $4,423,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Morningstar Investment Services LLC boosted its stake in shares of Walt Disney by 4.4% in the 2nd quarter. Morningstar Investment Services LLC now owns 106,813 shares of the entertainment giant’s stock worth $11,912,000 after buying an additional 4,543 shares during the last quarter. Sicart Associates LLC boosted its stake in shares of Walt Disney by 24.6% in the 2nd quarter. Sicart Associates LLC now owns 32,721 shares of the entertainment giant’s stock worth $3,649,000 after buying an additional 6,466 shares during the last quarter. S. R. Schill & Associates boosted its stake in shares of Walt Disney by 44.0% in the 2nd quarter. S. R. Schill & Associates now owns 6,312 shares of the entertainment giant’s stock worth $704,000 after buying an additional 1,928 shares during the last quarter. Lyell Wealth Management LP boosted its stake in shares of Walt Disney by 5.8% in the 2nd quarter. Lyell Wealth Management LP now owns 54,222 shares of the entertainment giant’s stock worth $6,046,000 after buying an additional 2,951 shares during the last quarter. Finally, Washington Trust Bank boosted its stake in shares of Walt Disney by 3.5% in the 2nd quarter. Washington Trust Bank now owns 72,725 shares of the entertainment giant’s stock worth $8,109,000 after buying an additional 2,464 shares during the last quarter. Institutional investors and hedge funds own 62.66% of the company’s stock.

DIS has been the topic of a number of research analyst reports. Consumer Edge downgraded Walt Disney from an “overweight” rating to an “equal weight” rating and set a $125.00 target price on the stock. in a research note on Tuesday, June 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Walt Disney in a report on Friday, May 8th. BMO Capital Markets lowered their price target on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Royal Bank of Canada lowered their price target on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, SunTrust Banks lifted their price target on shares of Walt Disney from $110.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $125.35.

Shares of Walt Disney stock traded up $1.28 during trading on Friday, hitting $116.94. The stock had a trading volume of 9,623,821 shares, compared to its average volume of 10,175,387. The firm has a market cap of $211.22 billion, a price-to-earnings ratio of 39.51, a P/E/G ratio of 13.50 and a beta of 1.10. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. The business’s 50-day moving average is $115.68 and its 200 day moving average is $117.27. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.23). The firm had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. As a group, equities analysts expect that Walt Disney Co will post 1.38 EPS for the current year.

About Walt Disney

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.

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

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