Bank of Hawaii Sells 2,380 Shares of The Walt Disney Company $DIS

Key Points

• Bank of Hawaii has decreased its holdings in The Walt Disney Company by 20.9%, selling 2,380 shares and now owning 9,009 shares worth approximately $889,000.
• Several hedge funds have altered their stakes in Disney, with a notable 65.71% of the stock owned by institutional investors.
• Analysts have a generally positive outlook on Disney, with multiple firms issuing buy ratings and raising their price targets, contributing to an average target of $131.18.

Bank of Hawaii decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 20.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,009 shares of the entertainment giant's stock after selling 2,380 shares during the quarter. Bank of Hawaii's holdings in Walt Disney were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC lifted its position in shares of Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares during the period. Hemington Wealth Management increased its position in shares of Walt Disney by 1.9% during the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after buying an additional 105 shares during the period. Allegheny Financial Group raised its stake in Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after buying an additional 106 shares in the last quarter. Leigh Baldwin & CO. LLC lifted its holdings in Walt Disney by 2.2% in the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after buying an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC lifted its holdings in Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after buying an additional 113 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. UBS Group upped their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, August 7th. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Guggenheim raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Performance

Walt Disney stock opened at $118.6640 on Monday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $213.35 billion, a P/E ratio of 18.60, a PEG ratio of 1.72 and a beta of 1.56. The stock's 50 day moving average is $119.22 and its 200 day moving average is $108.21.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the company posted $1.39 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.