Brown Shipley& Co Ltd Has $8.49 Million Holdings in The Walt Disney Company (NYSE:DIS)

Brown Shipley& Co Ltd decreased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,207 shares of the entertainment giant's stock after selling 5,203 shares during the period. Walt Disney accounts for approximately 4.2% of Brown Shipley& Co Ltd's holdings, making the stock its 9th largest position. Brown Shipley& Co Ltd's holdings in Walt Disney were worth $8,486,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. bought a new position in Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc grew its holdings in 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 bought a new position in Walt Disney during the fourth quarter worth about $32,000. Finally, Midwest Capital Advisors LLC bought a new position in Walt Disney during the fourth quarter worth about $34,000. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business'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 transaction of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Barclays lifted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Guggenheim reduced their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average target price of $123.54.

Walt Disney Stock Down 1.8%

NYSE DIS opened at $110.38 on Thursday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a market cap of $198.44 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $95.44 and a 200-day moving average of $105.05.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The company's revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect 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.

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