Central Pacific Bank Trust Division Grows Position in The Walt Disney Company (NYSE:DIS)

Central Pacific Bank Trust Division raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 21.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 23,572 shares of the entertainment giant's stock after purchasing an additional 4,125 shares during the period. Central Pacific Bank Trust Division's holdings in Walt Disney were worth $2,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pathway Financial Advisors LLC boosted its position in Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after buying an additional 92 shares during the period. Prossimo Advisors LLC boosted its position in Walt Disney by 1.1% during the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after buying an additional 92 shares during the period. Onefund LLC raised its holdings in Walt Disney by 2.0% during the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares during the last quarter. Abundance Wealth Counselors raised its holdings in Walt Disney by 1.0% during the 4th quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant's stock worth $1,076,000 after purchasing an additional 94 shares during the last quarter. Finally, Boston Financial Mangement LLC raised its holdings in Walt Disney by 1.5% during the 4th quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant's stock worth $700,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DIS shares. Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Guggenheim lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Barclays raised their price target 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. Morgan Stanley raised their price target 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. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a 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's stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $1.03 during midday trading on Friday, reaching $113.05. The company had a trading volume of 12,878,557 shares, compared to its average volume of 10,067,011. The company's 50 day moving average price is $97.05 and its 200 day moving average price is $105.63. 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 stock has a market cap of $203.24 billion, a P/E ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63.

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

Walt Disney 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.