Chapin Davis Inc. Buys 6,688 Shares of The Walt Disney Company (NYSE:DIS)

Chapin Davis Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 32.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,289 shares of the entertainment giant's stock after buying an additional 6,688 shares during the quarter. Walt Disney accounts for about 0.9% of Chapin Davis Inc.'s investment portfolio, making the stock its 23rd biggest position. Chapin Davis Inc.'s holdings in Walt Disney were worth $2,693,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. bought a new position in Walt Disney in the 4th quarter worth about $28,000. Tacita Capital Inc grew its stake in Walt Disney by 93.2% in 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 in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney in the fourth quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new position in Walt Disney in the fourth quarter worth approximately $34,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DIS shares. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Guggenheim dropped their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. UBS Group lifted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities lifted their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $123.96.

Walt Disney Price Performance

Shares of NYSE DIS opened at $117.61 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $104.69 and a 200-day simple moving average of $105.73. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $120.50. The stock has a market capitalization of $211.44 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54.

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 analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.21 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

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.

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