Atwater Malick LLC Raises Position in The Walt Disney Company (NYSE:DIS)

Atwater Malick LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,494 shares of the entertainment giant's stock after buying an additional 2,403 shares during the period. Walt Disney comprises approximately 2.1% of Atwater Malick LLC's portfolio, making the stock its 20th largest position. Atwater Malick LLC's holdings in Walt Disney were worth $6,267,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. purchased a new stake in Walt Disney during the fourth quarter valued at about $28,000. Tacita Capital Inc boosted its holdings in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the fourth quarter worth about $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $34,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Up 1.3%

Shares of NYSE:DIS traded up $1.42 during trading on Friday, reaching $113.95. 5,786,189 shares of the stock traded hands, compared to its average volume of 10,015,956. The stock has a 50-day moving average of $98.47 and a two-hundred day moving average of $105.80. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market cap of $204.85 billion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter last year, the company posted $1.21 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DIS shares. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Guggenheim decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $123.75.

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.