VeraBank N.A. Invests $260,000 in The Walt Disney Company $DIS

VeraBank N.A. acquired a new stake in The Walt Disney Company (NYSE:DIS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,100 shares of the entertainment giant’s stock, valued at approximately $260,000.

A number of other institutional investors have also made changes to their positions in DIS. Palouse Capital Management Inc. lifted its position in Walt Disney by 34.7% during the 2nd quarter. Palouse Capital Management Inc. now owns 26,111 shares of the entertainment giant’s stock worth $3,238,000 after buying an additional 6,720 shares in the last quarter. Boston Partners increased its position in shares of Walt Disney by 83.7% in the second quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock valued at $854,537,000 after acquiring an additional 3,146,450 shares during the last quarter. Clarity Wealth Advisors LLC raised its holdings in Walt Disney by 1.8% during the second quarter. Clarity Wealth Advisors LLC now owns 5,882 shares of the entertainment giant’s stock worth $729,000 after acquiring an additional 102 shares in the last quarter. Cvfg LLC raised its holdings in Walt Disney by 11.2% during the second quarter. Cvfg LLC now owns 3,571 shares of the entertainment giant’s stock worth $443,000 after acquiring an additional 360 shares in the last quarter. Finally, Weil Company Inc. boosted its position in Walt Disney by 4.9% during the second quarter. Weil Company Inc. now owns 3,612 shares of the entertainment giant’s stock valued at $448,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Trading Up 2.4%

DIS stock opened at $114.93 on Wednesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a market cap of $206.64 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a fifty day moving average price of $113.26 and a two-hundred day moving average price of $114.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney 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.