First National Bank of Mount Dora Trust Investment Services Has $4.31 Million Position in Walt Disney Co (DIS)

First National Bank of Mount Dora Trust Investment Services decreased its holdings in Walt Disney Co (NYSE:DIS) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,847 shares of the entertainment giant’s stock after selling 2,710 shares during the period. Walt Disney accounts for approximately 1.9% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 23rd biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Walt Disney were worth $4,309,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. Carret Asset Management LLC lifted its stake in Walt Disney by 0.5% in the second quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock worth $9,589,000 after purchasing an additional 450 shares during the last quarter. Beaton Management Co. Inc. lifted its stake in Walt Disney by 1.9% in the second quarter. Beaton Management Co. Inc. now owns 24,339 shares of the entertainment giant’s stock worth $2,551,000 after purchasing an additional 450 shares during the last quarter. Fairfield Bush & CO. lifted its stake in Walt Disney by 2.3% in the second quarter. Fairfield Bush & CO. now owns 19,740 shares of the entertainment giant’s stock worth $2,069,000 after purchasing an additional 450 shares during the last quarter. Wealth Architects LLC lifted its stake in Walt Disney by 18.0% in the third quarter. Wealth Architects LLC now owns 2,968 shares of the entertainment giant’s stock worth $347,000 after purchasing an additional 452 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in Walt Disney by 0.8% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 56,452 shares of the entertainment giant’s stock worth $5,916,000 after purchasing an additional 455 shares during the last quarter. 63.15% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on DIS. Loop Capital raised their target price on shares of Walt Disney to $130.00 and gave the stock a “buy” rating in a research report on Friday. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $104.00 to $130.00 in a research report on Friday, October 19th. Morgan Stanley raised their target price on shares of Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, October 15th. Finally, Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $120.99.

Shares of DIS stock opened at $118.00 on Friday. The company has a market cap of $174.08 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. Walt Disney Co has a 52-week low of $97.68 and a 52-week high of $120.20.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 net margin of 20.76% and a return on equity of 21.37%. Walt Disney’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. Sell-side analysts anticipate that Walt Disney Co will post 7.25 earnings per share for the current fiscal year.

In related news, EVP Brent Woodford sold 952 shares of Walt Disney stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total transaction of $106,500.24. Following the transaction, the executive vice president now directly owns 26,698 shares of the company’s stock, valued at $2,986,705.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert A. Iger sold 47,733 shares of Walt Disney stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,838 shares of company stock worth $9,391,319. 0.38% of the stock is currently owned by corporate insiders.

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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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