Hills Bank & Trust Co Reduces Stake in The Walt Disney Company (NYSE:DIS)

Hills Bank & Trust Co lowered its holdings in The Walt Disney Company (NYSE:DIS) by 12.2% during the third quarter, HoldingsChannel reports. The fund owned 34,361 shares of the entertainment giant’s stock after selling 4,780 shares during the period. The Walt Disney accounts for about 0.8% of Hills Bank & Trust Co’s investment portfolio, making the stock its 26th biggest holding. Hills Bank & Trust Co’s holdings in The Walt Disney were worth $4,264,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Demars Financial Group LLC purchased a new position in The Walt Disney during the 2nd quarter worth approximately $38,000. Selective Wealth Management Inc. increased its position in The Walt Disney by 50.6% during the second quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock worth $42,000 after buying an additional 125 shares in the last quarter. Hanseatic Management Services Inc. increased its position in The Walt Disney by 29.6% during the second quarter. Hanseatic Management Services Inc. now owns 442 shares of the entertainment giant’s stock worth $49,000 after buying an additional 101 shares in the last quarter. Estate Counselors LLC purchased a new position in The Walt Disney during the second quarter worth $52,000. Finally, Price Wealth LLC increased its position in The Walt Disney by 90.0% during the third quarter. Price Wealth LLC now owns 473 shares of the entertainment giant’s stock worth $59,000 after buying an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.

Shares of The Walt Disney stock traded down $1.87 during trading on Friday, hitting $119.67. 172,923 shares of the stock were exchanged, compared to its average volume of 14,922,960. The Walt Disney Company has a 1-year low of $79.07 and a 1-year high of $153.41. The stock has a market capitalization of $219.63 billion, a price-to-earnings ratio of -196.03, a price-to-earnings-growth ratio of 6.24 and a beta of 1.09. The company has a fifty day moving average price of $126.34 and a 200-day moving average price of $119.73. The company has a current ratio of 1.34, a quick ratio of 1.29 and a debt-to-equity ratio of 0.60.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.72. The Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.58%. The business had revenue of $11.80 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the prior year, the business earned $1.35 EPS. The Walt Disney’s quarterly revenue was down 41.7% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 1.62 EPS for the current fiscal year.

Several research firms have weighed in on DIS. ValuEngine raised The Walt Disney from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Guggenheim raised The Walt Disney from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, August 5th. Zacks Investment Research raised The Walt Disney from a “sell” rating to a “hold” rating and set a $137.00 price objective for the company in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft raised The Walt Disney from a “hold” rating to a “buy” rating and lifted their price objective for the company from $128.00 to $163.00 in a research report on Tuesday, September 8th. Finally, Loop Capital raised The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Tuesday, October 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company. The Walt Disney presently has an average rating of “Buy” and an average price target of $134.70.

In related news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total value of $261,900.00. Following the transaction, the executive vice president now owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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

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