Today, First American Bank Raises its position in The Walt Disney Co. (DIS) as a favorable investment target.

Today, First American Bank Raises its position in The Walt Disney Co. (DIS) as a favorable investment target.

First American Bank boosted its position in shares of The Walt Disney Co. (NYSE:DIS) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 101,619 shares of the entertainment giant’s stock after buying an additional 1,294 shares during the period. The Walt Disney comprises 0.9% of First American Bank’s investment portfolio, making the stock its 22nd largest position. First American Bank’s holdings in The Walt Disney were worth $9,436,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AMP Capital Investors Ltd increased its stake in shares of The Walt Disney by 1.4% in the first quarter. AMP Capital Investors Ltd now owns 821,616 shares of the entertainment giant’s stock worth $81,266,000 after buying an additional 11,648 shares during the last quarter. National Pension Service increased its stake in shares of The Walt Disney by 4.2% in the first quarter. National Pension Service now owns 785,855 shares of the entertainment giant’s stock worth $78,043,000 after buying an additional 31,780 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in shares of The Walt Disney during the first quarter worth approximately $1,752,000. Legal & General Group Plc increased its stake in shares of The Walt Disney by 1.0% in the first quarter. Legal & General Group Plc now owns 6,983,106 shares of the entertainment giant’s stock worth $693,503,000 after buying an additional 69,928 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of The Walt Disney by 10.1% in the first quarter. Envestnet Asset Management Inc. now owns 392,295 shares of the entertainment giant’s stock worth $38,959,000 after buying an additional 35,959 shares during the last quarter. Hedge funds and other institutional investors own 56.30% of the company’s stock.

Shares of The Walt Disney Co. (NYSE:DIS) traded up 0.15% during trading on Monday, hitting $98.97. The stock had a trading volume of 7,078,451 shares. The stock has a market cap of $158.35 billion, a price-to-earnings ratio of 17.27 and a beta of 1.21. The Walt Disney Co. has a one year low of $86.25 and a one year high of $115.58. The stock’s 50-day moving average price is $94.31 and its 200 day moving average price is $96.15.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The company had revenue of $13.14 billion for the quarter, compared to analyst estimates of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 EPS. On average, equities analysts forecast that The Walt Disney Co. will post $5.95 EPS for the current year.

DIS has been the subject of a number of research reports. Deutsche Bank AG reiterated a “hold” rating and set a $115.00 price target on shares of The Walt Disney in a research report on Thursday, August 4th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $120.00 price target on shares of The Walt Disney in a research report on Monday, August 8th. Stifel Nicolaus downgraded shares of The Walt Disney to a “hold” rating in a research report on Tuesday, August 9th. Macquarie upgraded shares of The Walt Disney from a “neutral” rating to an “outperform” rating and set a $125.00 price target for the company in a research report on Wednesday, August 10th. Finally, Pivotal Research reduced their price target on shares of The Walt Disney from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $108.09.

In other news, EVP Alan N. Braverman sold 19,871 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the completion of the transaction, the executive vice president now owns 135,614 shares of the company’s stock, valued at $13,425,786. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.00% of the company’s stock.

About The Walt Disney

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

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