Walt Disney Co (DIS) is Pioneer Trust Bank N A OR’s 6th Largest Position

Pioneer Trust Bank N A OR raised its stake in Walt Disney Co (NYSE:DIS) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,148 shares of the entertainment giant’s stock after buying an additional 4,370 shares during the quarter. Walt Disney accounts for about 3.3% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 6th largest position. Pioneer Trust Bank N A OR’s holdings in Walt Disney were worth $7,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DIS. Phocas Financial Corp. lifted its stake in Walt Disney by 989,639.9% in the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after buying an additional 67,048,101 shares during the period. Dimensional Fund Advisors LP lifted its stake in Walt Disney by 22.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after buying an additional 1,129,743 shares during the period. Ruffer LLP lifted its stake in Walt Disney by 39.1% in the second quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after buying an additional 1,117,959 shares during the period. Cornerstone Wealth Management LLC lifted its stake in Walt Disney by 10,630.8% in the second quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock valued at $9,705,000 after buying an additional 1,013,007 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Walt Disney by 112.1% in the second quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock valued at $174,562,000 after buying an additional 880,100 shares during the period. 63.15% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mary Jayne Parker sold 29,192 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total value of $3,444,364.08. Following the sale, the executive vice president now directly owns 29,199 shares in the company, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,838 shares of company stock worth $9,391,319. 0.38% of the stock is currently owned by insiders.

Several research firms have weighed in on DIS. Loop Capital increased their target price on Walt Disney to $130.00 and gave the company a “buy” rating in a research note on Friday. Bank of America set a $144.00 target price on Walt Disney and gave the company a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. BMO Capital Markets increased their target price on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, August 8th. Finally, Morgan Stanley increased their target price on Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $120.99.

NYSE DIS opened at $118.00 on Friday. The stock has a market cap of $174.08 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.17. The company had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. Walt Disney’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. Research analysts anticipate that Walt Disney Co will post 7.25 earnings per share for the current fiscal year.

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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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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