First Interstate Bank Sells 1,646 Shares of The Walt Disney Company (NYSE:DIS)

First Interstate Bank lessened its holdings in The Walt Disney Company (NYSE:DIS) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,612 shares of the entertainment giant’s stock after selling 1,646 shares during the quarter. First Interstate Bank’s holdings in Walt Disney were worth $5,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DIS. ESL Trust Services LLC acquired a new position in Walt Disney in the first quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC raised its position in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the last quarter. First PREMIER Bank boosted its stake in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after purchasing an additional 333 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler initiated coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Five investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Down 0.4 %

DIS stock traded down $0.39 during trading hours on Friday, reaching $95.81. 7,944,869 shares of the stock were exchanged, compared to its average volume of 10,790,926. The firm’s 50-day moving average is $93.16 and its 200-day moving average is $97.57. The Walt Disney Company has a 12 month low of $81.82 and a 12 month high of $123.74. The company has a market cap of $173.76 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 1.51 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that The Walt Disney Company will post 4.93 earnings per share 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.